Where my accountants at?

[Insuperable]

Okay, so I need to journalize some transactions, but I'm stuck on this one transaction :O
I need to balance debit and credit, blah blah.

Mar. 1 Issued 10,000 shares of common stock for $15,000 cash.
Cash Dr 15,000
Common Stock Cr 10,000
?? Cr 5,000??

lolwuttt.

 

[AK BeerGuyEd]

Okay, so I need to journalize some transactions, but I'm stuck on this one transaction :O
I need to balance debit and credit, blah blah.

Mar. 1 Issued 10,000 shares of common stock for $15,000 cash.
Cash Dr 15,000
Common Stock Cr 10,000
?? Cr 5,000??

lolwuttt.

The other credit either goes to addition paid in capital or to a shareholder loan account.

The paid in capital account will freeze the additional investment so that 5K will never be paid back to the purchaser.

If you want access to those funds later on then put it in a loan account (Shareholder loan to company). Doing it that way will allow the company to pay back the shareholder when it has the funds.