USA The company is restructuring and returning a portion of our investment.

PAN

Joined
Jul 3, 2020
Messages
13
Reaction score
0
Country
United States
Cash Received - Repayment of Promissory Note $516,166

Expected Cash for Shares (SAFE conversion) @241,245

Rollover 1.20% (indirect ownership of New Corporation).

What should be the journal entry to record the cash received?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,726
Messages
27,750
Members
21,686
Latest member
Kevinsam

Latest Threads

Top