Baylee F.

asked • 13d

How do I add common stocks to the cash balance on a balance sheet?

I am currently working on my Accounting homework and I cannot figure out this answer. I have everything figured out except for the correct cash balance on the balance sheet. A side not says that 800,000 shares of no par common stock was issued for the company, and out of those 800,000, 400,000 shares have been issued and are outstanding. The current cash balance is 103,000. I am not sure what to do with the stock information. Thank you.

1 Expert Answer

By:
Ac78e2a0 0eb2 4d16 aeb5 d8c7d3d4484f

John F. answered • 13d

CPA tutoring univ. students, CPA candidates, business consultant

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.