As you saw in the video, stock can be issued for cash or for other assets. A journal entry must be recorded when a corporation issues stock.A company issues common stock to raise money, so the debit will always be to cash. This video shows how to record a journal entry for a stock issuance. The journal entries are similar to those for issuing stock for cash. In this case, the value of either the stock or the asset must be known. We will credit common stock for the amount of stock issued times the par value. When you're ready, we'll have an offer in Bookmans trade credit or cash waiting for you.

Issue Stock For Cash Journal Entry In Pima

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