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Journal entry for stock shares
ElynC
Nov 17, 2007, 12:20 PM
If a company issues 5000 shares of stock at $2/share, what is the opening journal entry to record this transaction?
SeanF138
Feb 26, 2008, 01:41 PM
I'm assuming they issued common stock for cash.
Cash 10,000 (Debit)
Common Stock 10,000 (Credit)