Accounting Homework: How to calculate common stock?

Posted on 2014-04-14 10:27:00 in Accounting by JONATHAN T

Upton is a corporation. The owners were issued 10,000 shares of $10 par common stock when they invested the $160,000 cash in the business.



I need to fill in Issuance of Common Stock and Ending Stock which im guessing is equal since beginning stock is 0.



I tried $100,000 since 10,000 shares X $10 = $100,000 but it says its wrong

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