TB MC Qu$.11-67($Static$)$ Ms$.$ Jessica Duffy purchased $1$ share of $$10$ par

value...

Ms$.$ Jessica Duffy purchased $1$ share of $$10$ par value common stock from Ohio Corporation for

$$50$ per share. Ms$.$ Duffy sold that share to Mike Truesdale for $$60$ per share. As a result of

the sale by Duffy to Truesdale sale, Ohio Corporation would:

Multiple Choice

not record this transaction.

debit Common Stock and credit Additional Paid$-$in Capital for $$10.$

debit Cash and credit Additional Paid$-$in Capital for $$10.$

debit Cash and credit Common Stock for $$10.$