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erin2madison
Dec 9, 2008, 12:13 PM
What would the entry be?

On the 15th investors contributed 895000 in exchange for 11000 shares of $10 par common stock of our company

pready
Dec 9, 2008, 03:49 PM
Debit Cash for 895,000
Credit Common Stock for 110,000
Credit Additional paid-in Capital for 785,000