Issued 10,000 shares of common stock for $15,000 cash.
Cash Dr 15,000
Common Stock Cr 10,000
? Cr 5,000?
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Issued 10,000 shares of common stock for $15,000 cash.
Cash Dr 15,000
Common Stock Cr 10,000
? Cr 5,000?
What is your par value of the stock?
If the above information is all you have, then yourn journal entry will be:
Debit Cash for 15,000
Credit Common Stock for 15,000
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