(TCO 3) Mary Parker Co. invested $15,000 in ABC Corporation and received capital stock in exchange.

/in /by

Question 3. Question : (TCO 3) Mary Parker Co. invested $15,000 in ABC Corporation and received capital stock in exchange. Mary Parker Co.’s journal entry to record this transaction would include a:

debit to investments.

credit to retained earnings.

credit to capital stock.

debit to expense.