Issued 10,000 shares of common stock for $15,000 cash.
Cash Dr 15,000
Common Stock Cr 10,000
? Cr 5,000?
pready
Nov 10, 2011, 12:32 PM
What is your par value of the stock?
If the above information is all you have, then yourn journal entry will be:
Debit Cash for 15,000
Credit Common Stock for 15,000