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October 1 You contribute $ 45,839 for 100 shares of common stock in the new company.

I need help recording the following entries in the general journal.


1       You contribute $45,839 for 100 shares of common stock in the new company.

1       Nassir Patel's contribution to the business is $2,180 due on existing customer receivable accounts, $10,200 of new equipment. He receives 100 shares of common stock for this contribution.

2       Paid $9,900 for next 6 months of rent by issuing Cheque 1008.

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