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South Beach Apparel issued 10,000 shares no par value stock for $5 per share. What is true about the journal entry to record the issuance?

South Beach Apparel issued 10,000 shares no par value stock for $5 per share. What is true about the journal entry to record the issuance?

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South Beach Apparel issued 10,000 shares no par value stock for $5 per share. What is true about the journal entry to record the issuance? O Debit Common Stock $10,000. Credit Cash $50,000. Credit Common Stock $50,000. Credit Additional Paid-In Capital $40,000

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