If shares of preferred stock are sold at par value for cash, the transaction would be entered by
A) debiting Cash and crediting Preferred Stock.
B) debiting Preferred Stock and crediting Cash.
C) debiting Preferred Stock Subscriptions Receivable and crediting Preferred Stock.
D) debiting Preferred Stock Subscribed and crediting Preferred Stock.
Correct Answer:
Verified
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A) common
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