Asked by Tiffany

Shania Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000 and $45,000 of drafting equipment to launch the business in exchange for its common stock. Which journal entry would this be?

Answers

Answered by carliene
$10,000 deposit in exchange for $10,000 worth of common stock
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions