how-does-the-journal-entry-for-issuing-common-stock-for-services-differ-from-iss

Question

How does the journal entry for issuing common stock for services differ from issuing common stock for cash?

Accepted Answer

The debit is to an expense account instead of a cash account.

Answer

There is no difference; both entries are identical.

Answer

The debit is to an asset account instead of an expense account.

Answer

The credit is to a liability account instead of a common stock account.