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-   -   Journal entry for stock shares (https://www.askmehelpdesk.com/showthread.php?t=153097)

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

    Cash 10,000 (Debit)
    Common Stock 10,000 (Credit)

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