Pam Corporation sold 10,000 common shares at $25 per share cash. The entry to record this transaction would include:
A) A credit to Common Shares for $25,000.
B) A credit to Cash for $250,000.
C) A debit to Common Shares for $250,000.
D) A debit to Contributed Capital for $250,000.
E) A credit to Common Shares for $250,000.
Correct Answer:
Verified
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