Question: Issuing common stock for $5,000 cash is recorded as: Multiple Choice debit Cash $5,000, credit Service revenue $5,000. debit Cash $5,000, credit Common stock $5,000.

Issuing common stock for $5,000 cash is recorded as: Multiple Choice debit Cash $5,000, credit Service revenue $5,000. debit Cash $5,000, credit Common stock $5,000. debit Common stock $5,000, credit Cash $5,000. debit Cash $5,000, credit Dividends $5,000

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