Answer to Question #191315 in Accounting for sheila volney

Question #191315

owner contributed $50,000 in cash for company stock

Expert's answer

The company's asset account Cash increases by $50,000.The Capital account increases also by $50,000.

Learn more about our help with Assignments: Accounting

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Debit Accounts PayableCredit CashCredit Purchases/Discounts What does this journal entry mean?Debit
2. If in the question didn't mention about the mode of purchase transaction is furniture purchase
3. Complete the table for the two companies using the information given below.Company P Earnings �
4. A note below is discounted on August 14. 2021 to PNB. If the bank charged 6 1/2%. compute the follo
5. liquid asset $6,80,000, Inventories $1,90,000 , prepaid expenses $10,000, working assets $2,00,000.
6. What is the difference between Interest Accrued and Interest Expense?Can you give me a simple defini
7. Love Doddle is a gifting enterprise of Ms. Dorati. The enterprise generates inflows by arranging gif