Mauricio invested 30000 in Pizza Aroma in exchange for its s

Mauricio invested $30,000 in Pizza Aroma in exchange for its stock. As a result of this, Pizza Aroma now has:

common stock.

retained earnings.

a liability.

an asset (investment)

net income.

Solution

Mauricio invested $30,000 in Pizza Aroma in exchange for its stock.

So, Pizza Aroma has issued common stock.

Journal
Cash Dr 30000
To Common stock 30000