Question:
A company sells 10,000 shares of previously authorized stock at the par value of $\$ 10$ per share.
# What's the correct entry to record the transaction?
Debit cash $\$ 10$, credit capital stock $\$ 10$
Debit cash $\$ 100,000$, credit capital stock $\$ 100,000$
Debit cash $\$ 10,000$, credit capital stock $\$ 10,000$
Debit cash $\$ 100,000$, credit treasury stock $\$ 100,000$
Debit capital stock $\$ 100,000$, credit cash $\$ 100,000$
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