a-company-issues-10000-in-common-stock-how-would-this-transaction-be-recorded-in

Question

A company issues $10,000 in common stock. How would this transaction be recorded in the journal entries?

Accepted Answer

Debit Cash $$10,000; Credit Common Stock 10$$,000

Answer

Debit Retained Earnings $$10,000; Credit Common Stock 10$$,000

Answer

Debit Cash $$10,000; Credit Retained Earnings 10$$,000

Answer

Debit Common Stock $$10,000; Credit Cash 10$$,000

A company issues \$10,000 in common stock. How would this transaction be recorded in the journal entries?