What is the journal entry for the issuance, Accounting Basics

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What is the journal entry for the issuance

Question: What is the journal entry for the issuance of $1,000 shares of common stock for cash? Question Answer a. Common stock (debit) Cash account (credit) b. Cash stock (debit) Common account (credit) c. Common stock account (debit) Accounts Receivable account (credit) d. Accounts Receivable account (debit) Common stock account (credit)

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Accounting Basics: What is the journal entry for the issuance

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Accounting Basics: What is the journal entry for the issuance

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