Question
Computer Solutions success in the fourth quarter of 2022 has attracted the attention of David Wright, who considered investing in the company. A price of
Computer Solutions success in the fourth quarter of 2022 has attracted the attention of David Wright, who considered investing in the company. A price of $15 per share was offered by Ramona, which David accepted (a great way to start out the new year). The following transactions occurred between January 1 and January 31, 2023, and need to be recorded in the general journal. Based on the initial success of Computer Solutions, David Wright invested an additional $15,000 cash in the company in exchange for 1,000 shares of the Companys $10 par value common stock. (Reminder: anything paid in excess of par goes to Paid in Capital in Excess of Par.
Can someone please help me with the general journal entry for this problem?
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