USA Capital was paid more than the register

Joined
May 8, 2022
Messages
1
Reaction score
0
Country
United States
A corp company, register capital is little. Assum it is $100
But received $1 million,
How can I record the journal entry?

Thank you.
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,453
Reaction score
334
Country
United States
Dr Cash $1,000,000
Cr Capital $1,000,000
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,672
Messages
27,648
Members
21,493
Latest member
OnlineDigitalMarketingCou

Latest Threads

Top