Ms. Jessica Duffy purchased 1 share of $10 par value common stock from Ohio Corporation...
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Accounting
Ms. Jessica Duffy purchased 1 share of $10 par value common stock from Ohio Corporation for $50 per share. Ms. Duffy sold that share to Mike Truesdale for $60 per share. As a result of the sale by Duffy to Truesdale sale, Ohio Corporation would: A. debit Cash and credit Additional Paid-in Capital for $10. B. debit Cash and credit Common Stock for $10. C. debit Common Stock and credit Additional Paid-in Capital for $10. D. not debit or credit any of its accounts.
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