Which of the following journal entries would be recorded if Christy Jones, Inc. issued stock and received $3,000?
A)
Cash 3,000
Common Stock 3,000
B)
Accounts Payable 3,000
Cash 3,000
C)
Common Stock 3,000
Cash 3,000
D)
Common Stock 3,000
Accounts Payable 3,000
ANSWER
A
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