Issuance of Common Stock example - Babson College
Cash (200 shares x $50) 10,000. Common Stock (200 shares x $10)) 2,000. Add’l Paid in Capital (10,000 - 2,000) 8,000. The journal entry involves the following aspects: Cash is increased by the number of shares sold multiplied by the market price of the stock to reflect the receipt of the proceeds ................
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