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Richards Hospital was incorporated on August 1. The initial capital was raised by issuing $2,000,000...

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Accounting

Richards Hospital was incorporated on August 1. The initial capital was raised by issuing $2,000,000 of stock. The appropriate journal entry for this transaction is:

A. Debit Cash/Credit Revenue.

B. Debit Capital Stock/Credit Revenue.

C. Debit Capital Stock/Credit Cash.

D. Debit Cash/Credit Capital Stock.

E. None of these.

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