On January 8,stockholders transfer ownership of several pieces of office equipment to the new business,JumpStart,for common stock.When new,these items were worth $72,500.The fair market value of the equipment is $60,000.Journalize this transfer.

Question

Quizplus · Accepted Answer

The Answer of On January 8,stockholders transfer ownership of several pieces of office equipment to the new business,JumpStart,for common stock.When new,these items were worth $72,500.The fair market value of the equipment is $60,000.Journalize this transfer.

On January 8,stockholders Transfer Ownership of Several Pieces of Office