Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On January 2, Carlton, Incorporated, issued 100 shares of $10 par value common stock for cash of $10 per share.
Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the
dollar amounts in the debit or credit columns.
View transaction list
Journal entry worksheet
1
On January 2, Carlton, Inc., issued 100 shares of $10 par value common stock
for cash of $10 per share.
Note: Enter debits before credits.
Date
Jan. 2
Cash
Common stock
General Journal
Debit
Credit
Transcribed Image Text:On January 2, Carlton, Incorporated, issued 100 shares of $10 par value common stock for cash of $10 per share. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet 1 On January 2, Carlton, Inc., issued 100 shares of $10 par value common stock for cash of $10 per share. Note: Enter debits before credits. Date Jan. 2 Cash Common stock General Journal Debit Credit
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