Tory Company received the first installment of $3,200 on a common stock subscription.The entry to record the collection would include a:
A) debit to Subscriptions Receivable-Common Stock for $3,200.
B) credit to Common Stock Subscribed for $2,500.
C) credit to Common Stock for $2,500.
D) credit to Subscriptions Receivable-Common Stock for $3,200.
Correct Answer:
Verified
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