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-   -   Journal Entry (https://www.askmehelpdesk.com/showthread.php?t=159561)

  • Dec 5, 2007, 10:26 AM
    mandee0625
    Journal Entry
    Owners invest $60,000 at the beginning of January and receive 5000 shares of $2 par common stock.
  • Dec 6, 2007, 06:52 PM
    pready
    Do you mean the company received $60,000 cash from investers?

    If so, then your Journal entry will be:

    Debit Cash 60,000
    Credit Capital Stock 10,000
    Credit Additional Paid-in Capital 50,000

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