If a firm sought to raise capital and was able to do so by issuing

$750,000

of common stock and incurring a

$500,000

debt, what compound entry would be made?\ Debit Cash

$1,250,000

, credit Common Stock

$500,000

, and credit Notes Payable

$750,000

.\ Debit Cash

$1,250,000

, credit Common Stock

$750,000

, and credit Notes Payable

$500,000

.\ Debit Cash

$750,000

, credit Common Stock

$500,000

, and credit Notes Payable

$1,250,000

.\ Debit Cash

$750,000

, credit Common Stock

$1,250,000

, and credit Notes Payable

$500,000

.

If a firm sought to raise capital and was able to do so by issuing $750,000 of common stock and incurring a $500,000 debt, what compound entry would be made? Debit Cash $1,250,000, credit Common Stock $500,000, and credit Notes Payable $750,000. Debit Cash $1,250,000, credit Common Stock $750,000, and credit Notes Payable $500,000