Daffy Duct, Inc. issued 10,000 shares of no-par value common stock at

$10

per share. Miss Hap, the bookkeeper, recorded the transaction with a

$100,000

debit to Cash and

$100,000

credit to Common stock. Which of the following is true?

9. Daffy Duct, Inc. issued 10,000 shares of no-par value common stock at $10 per share. Miss Hap, the bookkeeper, recorded the transaction with a $100,000 debit to Cash and $100,000 credit to Common stock. Which of the following is true