Indiana Inc. is a new company as of

(1)/(1)/2023

. The company issued 4,000 shares of common stock for

$50,000

. The common stock has a par value of

$1

per share. How were the accounts affected by this transaction?\ Cash increased

$54,000

, Common stock increased

$4,000

, Additional Paid-In Capital increased

$50,000

.\ Cash increased

$50,000

, Common stock increased

$50,000

.\ Cash increased

$54,000

, Common stock increased

$50,000

, Additional Paid-In Capital increased

$4,000

.\ Cash increased

$50,000

, Common stock increased

$4,000

, Additional Paid-In Capital increased

$46,000

.\ Cash decreased

$50,000

, Common stock increased

$4,000

, Additional Paid-In Capital increased

$46,000

.

Indiana Inc. is a new company as of 1/1/2023. The company issued 4,000 shares of common stock for $50,000. The common stock has a par value of $1 per share. How were the accounts affected by this transaction? Cash increased $54,000, Common stock increased $4,000, Additional Paid-In Capital increased $50,000. Cash increased $50,000, Common stock increased $50,000. Cash increased $54,000, Common stock increased $50,000, Additional Paid-In Capital increased $4,000. Cash increased $50,000, Common stock increased $4,000, Additional Paid-In Capital increased $46,000. Cash decreased $50,000, Common stock increased $4,000, Additional Paid-In Capital increased $46,000