If my company receives an inheritance and contributes 10,000 in cash to the business, how should I jounalize this?

-------------------------------------------------------------------------------- 1. Issued 10, 000 shares of capital stock in exchange for $150,000 cash 2. Purchased land and a building for a total price of $175,000. The land was assigned a value of $75,000, with the balance assigned to the...

Here's another one I would like you to please check for me. By the way, thank you for the first answer. The second question reads like this? On Nov 1, the company signed a contract, effective immediately, with Boone County Hospital to dry clean, for a fixed monthly charge of $200, the uniforms...

Question: Sales and delivery wages are paid on Saturday. The weekly payroll for Scotch Cleaners is $1,260. Novemebr 30 falls on a Thursday and the company has a six-day pay week. So do I Credit Wages Payable $210 And Debit Wages expense $210?

I need help making this journal entry. Made a down payment of 11,196.00 on 12/21/05 for liability insurance coverage from 1/1/06-1/1/07. Then making monthly payments of 5306.00 for 9 months. Do I treat this as a prepaid? Thanks! Let