Tyler Incorporated receives $150,000 from investors in exchange for shares of its common stock.Tyler Incorporated records this transaction with a:

Question

Quizplus · Accepted Answer

When a company issues shares of common stock in exchange for cash from investors, the entry includes a credit to Common Stock to record the par value of the shares issued. Therefore, the correct choice is C.

Tyler Incorporated Receives $150,000 from Investors in Exchange for Shares