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