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    ngwash1's Avatar
    ngwash1 Posts: 1, Reputation: 1
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    #1

    May 2, 2011, 03:19 PM
    How to journalize capital stock for 10 ,000.00 cash
    How to journalize capital stock for 10 ,000.00 cash
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    May 2, 2011, 05:04 PM

    Debit Cash for total amount received
    Cedit Common Stock for par value of stock * number of shares issued
    Credit Additional Paid-in Capital for the difference

    If par value is not listed:
    Debit Cash for amount received
    Credit Common Stock for the amount
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #3

    May 2, 2011, 05:04 PM

    How to read the rules for homework.

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    Read this first: Expectations for the Homework Help board
    Do not simply retype or paste a question from your book or study material

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