On October 1,2011,Smith invested $20,000 cash,office equipment costing $15,000,and drafting equipment costing $12,000 into the company in exchange for common stock.Show the general journal entry to record this transaction.

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The Answer of On October 1,2011,Smith invested $20,000 cash,office equipment costing $15,000,and drafting equipment costing $12,000 into the company in exchange for common stock.Show the general journal entry to record this transaction.

On October 1,2011,Smith Invested $20,000 Cash,office Equipment Costing $15,000,and Drafting