Question

required: record each transaction. addison uses the following accounts: cash, accounts receivable, equipment, notes payable, common stock, service revenue, advertising expense, and salaries expense. note: if no entry is required for a transaction or event, select
o journal entry required\ in the first account field. view transaction list journal entry worksheet 1 2 3 4 5 6 7 issue common stock for $15,000. note: enter debits before credits. date general journal debit credit march 01 record entry clear view general journal

Explanation:

Step1: Analyze the transaction

When common stock is issued for cash, cash increases (debit) and common - stock increases (credit).

Step2: Determine debit and credit amounts

The amount of cash received is $15,000 and the amount of common stock issued is also $15,000.

Answer:

Date	General Journal	Debit	Credit
March 01	Common Stock		15000