Mr. Bryant invested $50,000 cash in a new corporation. - 1964

Solution Detail
Price: $1.30
  • From: ,
  • Posted on: Fri 16 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

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 Retained Income for $50,000 

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

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

D. Paid-in Capital and a credit to Retained Earnings for $50,000  The new corporation will record this transaction with a debit to_____. 

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

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

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

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

Solution Description