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On 1/1X1, Trump Company owned all 100,000 shares of Swamp Company when Swamp's Shareholders' Equity was as follows: Capital Stock: $1 par 100,000 Additional Paid

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On 1/1X1, Trump Company owned all 100,000 shares of Swamp Company when Swamp's Shareholders' Equity was as follows: Capital Stock: $1 par 100,000 Additional Paid In 200,000 Capital Retained Earnings 400,000 Total Equity 700,000 On 1/2/X1, Swamp issued 10,000 additional shares for $8 each, but Trump did not purchase any of the shares. After Swamp's stock issue, Trump should make which of the following accounting entries Select one: a. Debit Investment in Swamp for $80,000 and Credit Gain for $80,000 b. Debit Investment in Swamp for $80,000 and Credit P's Capital for $80,000 c. Debit Investment in Swamp for $9,091 and Credit P's Capital for $9,091 d. Debit Investment in Swamp for $9,091 and Credit Gain for $9,091 e. None of the Above

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