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The Following Information Was Taken from the Statement of Shareholders

question 19

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The following information was taken from the statement of shareholders' equity of Carnival Industries:
The following information was taken from the statement of shareholders' equity of Carnival Industries:    The journal entry to record the issuance of preferred stock during 2010 would include:  a. a debit to Preferred Stock for $900. b. a credit to Preferred Stock for $500. c. a credit to Additional Paid in Capital for $500. d. a credit to Cash for $500. The journal entry to record the issuance of preferred stock during 2010 would include:
a. a debit to Preferred Stock for $900.
b. a credit to Preferred Stock for $500.
c. a credit to Additional Paid in Capital for $500.
d. a credit to Cash for $500.


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