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A company issued 500 shares of stock with a par value of $1/share at $20/share. Prepare the general journal entry. DEBIT: Common Stock for $500
A company issued 500 shares of stock with a par value of $1/share at $20/share. Prepare the general journal entry.
DEBIT: Common Stock for $500 and Additional Paid in Capital for $9,500; CREDIT: Cash for $10,000 DEBIT: Cash for $10,000; CREDIT: Common Stock for $500 and Additional Paid in Capital for $9,500 DEBIT: Cash for $10,000; CREDIT: Common Stock for $9,500 and Additional Paid in Capital for $500 DEBIT: Cash for $10,000; CREDIT: Common Stock for $10,000
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