Multiple Choice
Ranger Pool Company received cash of $40,000 and issued common stock. Which of the following accounts will be credited?
A) Accounts Receivable
B) Cash
C) Common Stock
D) Accounts Payable
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: Consider the following accounts and identify
Q12: The following are selected current month's
Q14: Dividends and expenses increase equity.
Q17: The accounting equation is made up of
Q42: The trial balance is also known as
Q51: The first step in the flow of
Q59: A business purchases $500 of office supplies
Q66: Which of the following is a liability
Q142: Debit refers to the right side of
Q187: The accounting analysis system is used to