Person invested cash, If a person invested cash to begin

Person invested cash

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Reference no: EM13925209

If a person invested cash to begin the business in exchange for common stock of $10,000

Where on the balance sheet below are the costs listed? I thought it was +$10,000 (Cash Asset) and +$10,000 (Contributed Capital). Is that correct? Please be precise. My apologies that the table below isn't precisely lined up, but you get the idea.

Transaction		Cash Asset	+	Noncash Assets	=	Liabilities	+	Contributed Capital	+	Earned Capital
	Invested cash for stock.	XXXX		XXXX		XXXX		XXXX		XXXX

Reference no: EM13925209

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