Issuing common stock for $5,000 cash is recorded as:
A) Debit Cash $5,000, credit Service Revenue $5,000.
B) Debit Cash $5,000, credit Common Stock $5,000.
C) Debit Cash $5,000, credit Dividends $5,000.
D) Debit Common Stock $5,000, credit Cash $5,000.
Answer: B
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