Question: Which is the correct General Journal entry for the October 1st transaction? Group of answer choices Debit CASH for $150,000 and Credit COMMON STOCK for

Which is the correct General Journal entry for the October 1st transaction?

Group of answer choices

Debit CASH for $150,000 and Credit COMMON STOCK for $150,000

Debit CASH for $150,000 and Credit ACCOUNTS RECEIVABLE for $150,000

Debit ACCOUNTS RECEIVABLE for $150,000 and Credit COMMON STOCK for $150,000

Debit COMMON STOCK for $150,000 and Credit CASH for $150,000

Which is the correct General Journal entry for the October 1st transaction?

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