accounting

Two owners contribute $100,000 in cash and receive 4,000 shares of stocks in the business. What do you debit/credit?

  1. 👍 0
  2. 👎 0
  3. 👁 67
asked by jordan

Respond to this Question

First Name

Your Response

Similar Questions

  1. accounting

    from the following transactions state which account will be debited and which will be credited by filling up. S.No. Transactions Accounts involved Application Reason with respect to Rules of Debit and credit Sample Example Mr. X

    asked by pinki on October 27, 2010
  2. account

    1. Business started with Cash Rs. 100,000/-, Bank Balance Rs. 150,000/-, Merchandise goods Rs 40,000/-, furniture Rs. 5,000/- & Office equipment Rs. 30,000/- 2. Goods Purchase from ABC Co of Rs. 40,000/- on cash less 15% discount

    asked by kamala neupane on May 6, 2013
  3. accounting

    Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 2, 2010. Sherman Corporation had 100,000 shares of common stock outstanding during 20 I3, paid cash dividends of

    asked by Andrew on April 20, 2013
  4. financial accounting and reporting

    january 01,2007 Mr.A started a business with cash Rs.3000,000 Bank RS.4000,000, Building Rs.3000,000,Laptop Rs.80,000, Desktop computers Rs.50,000,Fax machine Rs.100,000,Simple calculators Rs.5,000, Financial calculators

    asked by saedd on November 29, 2010
  5. acc

    2,000,000 shares of capital stocks at $3 par value were issued the company issued half of the stock for cash at $8 per share, and earnded $90,000 during the first three months of operation , and declared a cash dividend of $15,000

    asked by vee on March 30, 2011
  6. accounting

    From the following transactions, state which account will be debited and which account will be credited by filling up the appropriate boxes. S.No. Transactions Accounts involved Application Reason with respect to Rules of Debit

    asked by Anonymous on October 31, 2010
  7. accounting

    From the following transactions, state which account will be debited and which account will be credited by filling up the appropriate boxes. S.No. Transactions Accounts involved Application Reason with respect to Rules of Debit

    asked by pinki on October 27, 2010
  8. finance

    Given: WACC= 12%, NPV=+1,491.39, IRR=14.87378%, your all-equity firm has 5,000 common shares outstanding, and the cash flows are: CF0= -18,000, CF1= 3,000 CF2= 3,000, CF3=7,000, CF4?, CF5= 10,000. What is the cash flow at

    asked by Lucas on October 17, 2012
  9. Accounting/Finance

    Temte Corporation is authorized to issue 1,000,000 shares of no-par common stock and 250,000 shares of 6 percent, $25 par value, cumulative preferred stock. These events affected stockholders’ equity during the first year of

    asked by Lauren on April 17, 2015
  10. fiance

    2. Analyze the following scenario: Duncombe Village Golf Course is considering the purchase of new equipment that will cost $1,200,000 if purchased today and will generate the following cash disbursements and receipts. Should

    asked by kia on January 12, 2012

More Similar Questions