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Randal Inc. has authorized capital to issue 3.000 new common stocks at $5 par value. Ms. Marianne Randal pays $10,000 in exchange for 1500 common
Randal Inc. has authorized capital to issue 3.000 new common stocks at $5 par value. Ms. Marianne Randal pays $10,000 in exchange for 1500 common stocks. Which of the following accounting is correct?
Cash debit $10,000 and Capital Stock credit $10,000
Cash debit $10,000 and Unpaid Capital credit $10,000
Cash debit $10,000 and Capital Stock credit $7,500; Additional Paid in Capital credit $2,500
Cash debit $10,000 and Capital Stock credit $2,500 and Additional Paid in Capital $7,500
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