The journal entry for the receipt of a cash payment on common stock subscriptions would include:
A) debiting Subscriptions Receivable-Common Stock; crediting Common Stock.
B) debiting Common Stock; crediting Subscriptions Receivable-Common Stock.
C) debiting Cash; crediting Subscriptions Receivable-Common Stock.
D) debiting Cash; crediting Common Stock Subscribed.
Correct Answer:
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