LUDLIUI 7 10 puutis) 3T Corp purchases 18,850 shares of MK Corp's 100,000 shares of common stock outstanding for $80,000. The purchase would be recorded as a) Debit Cash 80,000 and Credit Stock Investment 80,000 b) None of these answers is correct. c) Debit Stock Investment 80,000 and Credit Cash 80,000 d) Not enough information to determine the correct journal entry Question 10 (10 points) If a firm's cash account is overdrawn, the amount overdrawn must be recorded as a) a long-term asset b) a current asset c) a current liability DEC 16 B hulu