Apricot Inc. is requiring 25.000 common shares. The price is $42share and the price is $400. Assuming that there is a contributed surplus balance of $5.000 the entry to record the transaction would be debt to Common shares and credit to Cash debitoCommon shares and Retained a n d credit toch delitto Common shares and Contributed Surplus and credit to Cash debitoCommon shares. Contributed Surplus and Retained Earnings and credit to cash