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Bradley Corporation issued 10,000 shares of common stock on January 1,2013 . The stock has par value of $0.01 per share and was sold for
Bradley Corporation issued 10,000 shares of common stock on January 1,2013 . The stock has par value of $0.01 per share and was sold for cash at par. The journal entry to record this transaction would a. Debit Cash $10,000, credit Common stock $100, and credit Paid-in capital $9,900. b. Debit Paid-in capital $9,900, and credit Common stock $9,900 c. Credit Cash $10,000 and debit Common stock $10,000 d. Debit Cash $100 and credit Common stock $100
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