Which of the following journal entries would be recorded if a corporation issued common stock and received $3,000? O A. Common Stock 3,000 Cash 3,000 O B. Cash 3,000 Common Stock 3,000 OC. Cash 3,000 Service Revenue 3,000 O D. Cash 3,000 Unearned Revenue 3,000

Which of the following journal entries would be recorded if a corporation issued common stock and received $3,000? O A. Common Stock 3,000 Cash 3,000 O B. Cash 3,000 Common Stock 3,000 OC. Cash 3,000 Service Revenue 3,000 O D. Cash 3,000 Unearned Revenue 3,000

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 12.3BE: Entries for cash dividends The declaration, record, and payment dates in connection with a cash...

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Question

Please answer with reason

Which of the foliowing journal entries would be recorded if a corporation issued common stock and received $3.000?
O A. Common Stock
3,000
3,000
Cash
O B. Cash
3,000
3,000
Common Stock
Oc. Cash
3,000
3,000
Service Revenue
3,000
O D. Cash
3,000
Unearned Revenue

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