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    sandyham's Avatar
    sandyham Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 30, 2009, 08:26 PM
    Balance sheet
    Owners invest $40,000 in exchange for common stock. How does go in the balance sheet?
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #2

    Aug 31, 2009, 12:42 AM
    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.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    Sep 2, 2009, 11:30 AM

    What did you receive? And what did you issue?
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