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Rogrer Company received a machine with a fair value of $130,000 and a building with...

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Accounting

Rogrer Company received a machine with a fair value of $130,000 and a building with a fair value of $200,000 in exchange for 6,000 shares of $45 par value common stock and $50,000 cash. The entry to record this transaction would include:

Select one:

a. Credit to Common Stock for $280,000

b. Credit to Additional Paid in Capital for $10,000

c. Credit to Retained earnings for $10,000

d. Credit to Additional Paid in Capital for $280,000

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