invested $50,000 cash in a new corporation - 9916

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Mr. Bryant invested $50,000 cash in a new corporation. The new corporation will record this transaction with a debit to_____. 

A. Cash and a credit to Paid-in Capital for $50,000 

B. Paid-in Capital and a credit to Retained Earnings for $50,000 

C. Retained Earnings and a credit to Cash for $50,000 

D. Cash and a credit to Retained Income for $50,000 

 
Solution Description

Mr