At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a:

Sagot :

Danielle's journal entry to record this transaction would include a:credit to common stock.

What is Journal entry?

Journal entry is simply the book of original entry.

Assuming the company received the amount of  $2,000,000 from investors and issued them shares of its stock the appropriate  journal entry to record this transaction would include a credit to common stock,

Journal entry

Debit Cash $2,000,000

Credit Common stock $2,000,000

Inconclusion Danielle's journal entry to record this transaction would include a:credit to common stock.

Learn more about journal entry here:https://brainly.com/question/14279491

We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.