What would the entry be?
On the 15th investors contributed 895000 in exchange for 11000 shares of $10 par common stock of our company
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What would the entry be?
On the 15th investors contributed 895000 in exchange for 11000 shares of $10 par common stock of our company
Debit Cash for 895,000
Credit Common Stock for 110,000
Credit Additional paid-in Capital for 785,000
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