JOURNALENTRY | |||||
Date | Account Title & explanation | Debit | Credit | ||
July,1 | Cash | $ 324,000 | (36000*9) | ||
Common stock | $ 180,000 | ||||
Additionalpaid up capital | $ 144,000 | ||||
(To record issue of 36000 shares at $9 per share) | |||||
July, 10 | Cash | $ 370,000 | (74000*5) | ||
Common stock | $ 370,000 | ||||
(To record issue of 74000 shares at $5per share at par) | |||||
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