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24 August, 20:15

What journal entry is recorded as a result of issuing stock to investors for cash?

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  1. 24 August, 20:30
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    I believe this would result to a debit to cash and a credit to common stock. This is because the transaction would result to an increase in cash (asset) and a decrease in stock (asset). A journal is a record used in accounting in which transactions are initially recorded in order of when they were undertaken.
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