Joe Steel invested $30,000 into a new company, Magnolia Steel Works, Inc. and received...
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Accounting
Joe Steel invested $ into a new company, Magnolia Steel Works, Inc. and received stock. As a result of this event, Magnolia Steel's: cash increased and retained earnings increased. assets increased and revenue increased. cash increased and common stock increased. assets decreased and common stock increased. 
Joe Steel invested $ into a new company, Magnolia Steel Works, Inc.
and received stock. As a result of this event, Magnolia Steel's:
cash increased and retained earnings increased.
assets increased and revenue increased.
cash increased and common stock increased.
assets decreased and common stock increased.
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