What journal entry is recorded as a result of issuing stock to investors for cash?
A. A debit to Common Stock and a credit to Cash
B. A debit to Cash and a credit to Common Stock
C. A debit to Cash and a credit to Retained Earnings
D. A credit to Cash and a debit to Retained Earnings
Ans: B. A debit to Cash and a credit to Common Stock
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Indicate whether the statement is true or false