On October 1 ^st , a company received $30,000 in cash and a building worth $200,000, and in return, issued common stock to an investor. Create the complete journal entry and post to the appropriate T-accounts.

Journal entry worksheet 1 Record the issue of common stock. Note: Enter debits before credits. Date Oct 01 General Journal Debit Credit General Journal Post the entry appropriate T-accounts. Beg. Bal. End. Bal. Beg. Bal. End. Bal. Beg. Bal. End. Bal. T Accounts Cash Accounts Payable Common Stock 0 0 Beg. Bal. End. Bal. Beg. Bal. End. Bal. Building Retained Earnings