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Golden Eagle Corporation issues 100 shares of $10 par value common stock for $50 per...

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Accounting

Golden Eagle Corporation issues 100 shares of $10 par value common stock for $50 per hare. This transaction will include a credit to Common Stock for:

A. $1,000 and a Gain on Issue of Common Stock for $4,000.

B. $1,000 and a credit to Retained Earnings for $4,000.

C. $1,000 and a credit to Paid-in Capital for $4,000.

D. $5,000.

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