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-   -   How to journalize capital stock for 10 ,000.00 cash (https://www.askmehelpdesk.com/showthread.php?t=574072)

  • May 2, 2011, 03:19 PM
    ngwash1
    How to journalize capital stock for 10 ,000.00 cash
    How to journalize capital stock for 10 ,000.00 cash
  • May 2, 2011, 05:04 PM
    pready

    Debit Cash for total amount received
    Cedit Common Stock for par value of stock * number of shares issued
    Credit Additional Paid-in Capital for the difference

    If par value is not listed:
    Debit Cash for amount received
    Credit Common Stock for the amount
  • May 2, 2011, 05:04 PM
    smoothy

    How to read the rules for homework.

    Step one. Read the following.


    Read this first: Expectations for the Homework Help board
    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.

    Thank you.

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