Problem

Effects of issuing stockShiloh Company was started in 2011 when it acquired $15,000 cash b...

Effects of issuing stock

Shiloh Company was started in 2011 when it acquired $15,000 cash by issuing common stock. The cash acquisition was the only event that affected the business in 2011.

Required

Write an accounting equation, and record the effects of the stock issue under the appropriate general ledger account headings.

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