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What is the journal entry for exchanged 5000 shares of common stock for a patent value at 92000?
Wiki User
∙ 9y ago
debit patent 92000
credit shares in share capital 92000
Wiki User
∙ 9y ago
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debit shares in companycredit services revenue
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debit land and building 45000credit shares in share capital 45000
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debit cash / bank 457000credit share capital 457000
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debit cash 70000000credit shares in share capital 5000000credit premium on shares capital 2000000
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debit cash / bank 1400000credit share capital 1400000
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Issued 300 shares of common stock to the promoter for assistance with issuance of common stock the promotional fee was 1800 pass the journal entry?
debit cashdebit promotional feecredit share capital
