Hamilton International issues 5,000 shares of its $1 par value common stock to provide funds for further expansion. If the issue price is $15 per share, what is the journal entry to record the share issue

Answer and Explanation:

The journal entry for issuance of the shares is as follows:

Cash Dr (5,000 × $15)  $75,000

    To Common stock(5,000 × $1) $5,000

    To Additional paid in capital $70,000

(being the issuance of the shares is recorded)

Here the cash is debited as it increased the assets and credited the common stock and additional paid in capital as it increased the equity

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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