Wild Bill Company Recently Issued 10,000 Shares of $1

Multiple Choice

Wild Bill Company recently issued 10,000 shares of $1.00 par value common stock for $35,500.This transaction will increase the ________.

A) Common stock account by $10,000
B) Common stock account by $35,500
C) Paid in capital in excess of par account by $35,500
D) Retained earnings account by $35,500