Question
Ms. Cloud opened a business checking account at Wells Fargo Bank by depositing $50,000. The corporation issued her a stock certificate for 5,000 shares of
Ms. Cloud opened a business checking account at Wells Fargo Bank by depositing $50,000. The corporation issued her a stock certificate for 5,000 shares of common stock.
How would this look on a journal entry?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The journal entry for Ms Clouds business checking account opening and issuance of s...
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Business Law Principles for Today's Commercial Environment
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene
5th edition
1305575156, 978-1305887657, 1305887654, 978-1305575158
