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Which of the Following Journal Entries Would Be Recorded If  Cash 3,000 Common Stock 3,000\begin{array} { | c | r | r | } \hline \text { Cash } & 3,000 & \\\hline \text { Common Stock } & & 3,000 \\\hline\end{array}

Question 125

Multiple Choice

Which of the following journal entries would be recorded if Christy Jones,Inc.issued stock and received $3,000?


A)  Cash 3,000 Common Stock 3,000\begin{array} { | c | r | r | } \hline \text { Cash } & 3,000 & \\\hline \text { Common Stock } & & 3,000 \\\hline\end{array}
B)  Accounts Payable 3,000 Cash 3,000\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 3,000 & \\\hline \text { Cash } & & 3,000 \\\hline\end{array}
C)  Common Stock 3,000 Cash 3,000\begin{array} { | c | r | r | } \hline \text { Common Stock } & 3,000 & \\\hline \text { Cash } & & 3,000 \\\hline\end{array}
D)  Common Stock 3,000 Accounts Payable 3,000\begin{array} { | c | r | r | } \hline \text { Common Stock } & 3,000 & \\\hline \text { Accounts Payable } & & 3,000 \\\hline\end{array}

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