a-company-issues-shares-to-investors-for-10000-cash-which-accounts-are-affected

Question

A company issues shares to investors for $10,000 cash. Which accounts are affected?

Accepted Answer

Debit Cash, Credit Equity

Answer

Debit Equity, Credit Cash

Answer

Debit Cash, Credit Revenue

Answer

Debit Revenue, Credit Cash

A company issues shares to investors for \$10,000 cash. Which accounts are affected?