1. The owner, Gary Green, deposited $15,000 in the Green Lawn Company checking accounting on April 2. In return he received 1000 shares of Common Stock in his corporation. The par value of the common stock is $1 per share.

Apr. 2. DR. Cr.
Cash $16,000
Gary Green, Capital $15,000
Invested in Green Lawn Co.
Common Stock 1,000
(1000 shares x $1)

Dr cash 15000 cr issued capital 1000 cr share premium 14000

Thank you, just hope I jounalize it correctly with the right words.

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Originally Posted by Cyndy62

Thank you, just hope I jounalize it correctly with the right words.

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Well I have already given you the body of the journal entry and the narration can be extracted from the data in the question

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Originally Posted by paraclete

well I have already given you the body of the journal entry and the narration can be extracted from the data in the question

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Ok, thanks again