initial entry of capital stock into equity

vzuyxbysla gnucash at zehmahyesh.e4ward.com
Fri Oct 4 21:20:07 EDT 2013


Replying to my own question since I think I solved it (?)

Looking at my articles of incorporation again, it says that the shares need
to be paid for by the officers ("due consideration"), so creating a transfer
between Accounts Receivable and Equity:Capital Stock for two entries of $5
(one for each officer/owner) should do it. Then, we need to deposit $5
checks and all is well.

Did I do it right?  :-)

Many thanks.



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