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QUESTION 11 When a company sells its common stock (10,000 shares of $10 par stock)...

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QUESTION 11 When a company sells its common stock (10,000 shares of $10 par stock) for $100,000, the transaction is recorded as follows: O Debit Stock Investment $100,000 and credit Accounts Receivable $100,000. O Debit Accounts Receiveable $100,000, credit Common Stock $10,000 and credit paid in capital $90,000 O Debit Retained Earnings $100,000 and credit Preferred Stock $100,000 O Debit Cash $100,000 and credit Common Stock $100,000

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