3.333 points Save Answer QUESTION 3 A company issues 100 shares of common stock at a price of $100 per share. If the stock has a $10 par value per share, then what are the accounting entries? a. Debit common stock - par value for $1,000, debit additional paid-in-capital for $9,000, and credit cash for $10,000 O b. Debit cash for $10,000, credit capital stock - par value for $1,000, and credit additional paid-in-capital for $9,000 Oc Debit cash for $10,000, and credit common stock for $10,000. Od. Debit cash for $10,000, and credit owners' equity for $10,000. 3.333 points Save Answer QUESTION 4 What do current liabilities and current assets have in common? O a. Current liabilities and current assets are those items that will be satisfied and converted into cash, respectively, in one year or one operating cycle, whichever is longer O b. If current assets increase, then there will be a corresponding increase in current liabilities. O c. Current liabilities and current assets are converted into cash. O d. Both answers (a) and (c) are correct