Question: A company has only 4 shareholders each contributed $10,000 and wereissued 8000 shares of stock. One stockholder reported to the company that500 shares of his

A company has only 4 shareholders each contributed $10,000 and were issued 8000 shares of stock.
One stockholder reported to the company that 500 shares of his stock had been sold and transferred to another stockholder for $5,000 cash. How is this recorded on the or does it? Originally, the investment was +40,000 to Cash and +40,000 to Contributed Capital.

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