Ask Experts Questions for FREE Help !
Ask
    Insuperable's Avatar
    Insuperable Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 9, 2011, 10:56 PM
    Issued Common Stock for Cash
    Issued 10,000 shares of common stock for $15,000 cash.

    Cash Dr 15,000
    Common Stock Cr 10,000
    ? Cr 5,000?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Nov 10, 2011, 12:32 PM
    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
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How do I journal.. issued common stock in exchange for 15,390 cash [ 1 Answers ]

How do I journalize the following transaction... issued common stock in exchange for 15,390 cash

Issued 8,000 shares of $120 par preferred 6% stock at $130, received cash. Journalize [ 0 Answers ]

Accounting

Issued common stock for cash journal entry? [ 0 Answers ]

Issued common stock for cash journal entry?

4. Sandy Corporation issued 200,000 shares of $5 par value common stock at the time o [ 3 Answers ]

Hi, I'm not looking to just get answers, I really need to learn how to do. Please help me figure out the formula. For example I believe #4 answer is 3,900,000 (4000000-100000)?

View more questions Search