Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Journal Entry (https://www.askmehelpdesk.com/showthread.php?t=83118)

  • Apr 16, 2007, 06:52 AM
    crazyitalian143
    Journal Entry
    10 investors contribute $2500 each in order to start a new business venture. Each will receive 1000 shares of stock. Can't figure out journal entry
  • Apr 16, 2007, 06:58 AM
    goldenbutterfly
    The business will be receiving a total of 25000 from the investors. Assuming $2.50 par value of stock

    dr. Cash 25,000
    cr. (Common/Preferred) Stock 25,000

    • All times are GMT -7. The time now is 03:15 PM.