Ripple Blockchain Inc issues 500 shares of common stock to a new investor for $6,000 cash. The stock has a par value of $1. Provide the journal entry to record this transaction and make it clear what accounts are being debited and what accounts are being credited?

Answer rating: 100% (QA)

Sure Heres the journal entry to record the issuance of 500 shares of common stock for 6000 cash Cash ... View the full answer