On January 7, stockholders invest $45,000 in JumpStart in exchange for common stock. Provide the journal...

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Question

On January 7, stockholders invest $45,000 in JumpStart in exchange for common stock. Provide the journal entry for this trans

Answer 1

Answer #1

Date Credit Debit $45,000 Jan 7 General Journal Cash Common Altock to record invest in Jumpstart) $ 45,000

Answer 2

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