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    jgillette357's Avatar
    jgillette357 Posts: 2, Reputation: 1
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    #1

    Jun 25, 2012, 10:29 AM
    Sale of common stock tranaction
    What is the debit and credit accounts for the sale of stock?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 25, 2012, 06:35 PM
    Quote Originally Posted by jgillette357 View Post
    what is the debit and credit accounts for the sale of stock?
    Debit Cash credit Issued Capital
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