In: Accounting
Infosys Company issued 200,000 shares of its common stock for cash. The journal entry to record the stock issue would include
Select one:
a. A debit to Common Stock
b. A debit to Retained Earnings
c. A credit to Cash
d. A credit to Common Stock
Answer is as follows:
Correct Option : d. A credit to common stock
Journal Entry:
Cash A/C Dr
To Common Stock A/C