Joe Anthony Company Recently Issued 20,000 Shares of $1

Multiple Choice

Joe Anthony Company recently issued 20,000 shares of $1.00 par value common stock for $40,000.This transaction will increase the ________.

A) Common stock account by $20,000
B) Common stock account by $40,000
C) Paid in capital in excess of par account by $40,000
D) Retained earnings account by $40,000