Multiple Choice
John's Metalworks Incorporated recently issued 10,000 shares of stock in exchange for $100,000.Metal works' journal entry to record this transaction included:
A) A debit to Capital Stock for $10,000.
B) A debit to Cash for $100,000.
C) A credit to Capital Stock for $10,000.
D) A credit to Cash for $100,000.
Correct Answer:
Verified
Correct Answer:
Verified
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