QUESTION1 R. Sparks, an interior decorator, started a business by forming a corporation and purchasing $10,000 of stock. The business would record this transaction: o a. Debit Cash $10,000, Credit Revenue $10,000 o b. Debit Cash $10,000, Credit Common Stock $10,000 O C. Credit Cash $10,000, Debit Common Stock $10,000 O d. Credit Cash $10,000, Debit Revenue $10,000 QUESTION 2 The business purchased a used car for $6,000 cash. The business would record this transaction: o a. Debit Car expense $6,000, Credit Cash $6,000 o b. Debit Cash 6,000, Credit Car expense $6,000 @ c. Debit Car $6,000, Credit Cash $6,000 o d. Debit Cash $6,000, Credit Car $6,000