Which of the Following Journal Entries Would Be Recorded If $$\begin{array} { | c | r | r | } \hline \text { Cash } & 3,000 & \\\hline \text { Common Stock } & & 3,000 \\\hline\end{array}$$

question 30

Multiple Choice

Which of the following journal entries would be recorded if Christy Jones,Inc.issued stock and received $3,000?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 3,000 & \\
• \hline \text { Common Stock } & & 3,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Payable } & 3,000 & \\
• \hline \text { Cash } & & 3,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Common Stock } & 3,000 & \\
• \hline \text { Cash } & & 3,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Common Stock } & 3,000 & \\
• \hline \text { Accounts Payable } & & 3,000 \\
• \hline
• \end{array}\]

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