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  • Aug 30, 2009, 08:26 PM
    sandyham
    Balance sheet
    Owners invest $40,000 in exchange for common stock. How does go in the balance sheet?
  • Aug 31, 2009, 12:42 AM
    rehmanvohra
    Quote:
    Originally Posted by sandyham View Post
    Owners invest $40,000 in exchange for common stock. How does go in the balance sheet?
    Analyze the transaction. See which balance sheet element is involved and then make the required entry, unless you have some other solution.
  • Sep 2, 2009, 11:30 AM
    pready

    What did you receive? And what did you issue?

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