Answer:
Increase in the common stock account = $100,000
Explanation:
Increase in the common stock account = Number of shares*stated value per share
Since the bylaws established a stated value of $10 per share, and the total number of shares issued is 10,000
Increase in the common stock account = 10,000*$10
Increase in the common stock account = $100,000
Therefore the transaction would increase the common stock account on the balance sheet by $100,000.
