Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   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)

    • All times are GMT -7. The time now is 04:19 AM.