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    erin2madison's Avatar
    erin2madison Posts: 2, Reputation: 1
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    #1

    Dec 9, 2008, 12:13 PM
    Stock journal entries
    What would the entry be?

    On the 15th investors contributed 895000 in exchange for 11000 shares of $10 par common stock of our company
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 9, 2008, 03:49 PM

    Debit Cash for 895,000
    Credit Common Stock for 110,000
    Credit Additional paid-in Capital for 785,000

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