A discount store buys at less-than-regular wholesale prices and charges consumers less than retail

Whitney Chemicals Company received cash of $40,000 and issued common stock. Which of the following accounts will be credited?

A) Accounts Receivable B) Cash C) Common Stock D) Accounts Payable

If Paul causes a car accident, and the car he hits is driven by an insured motorist, Paul's PAP will pay for the other driver's damages:

A) under coverage A, Liability B) under coverage C, Uninsured Motorist C) under both coverages A and C D) nothing since an uninsured motorist was injured