Tuesday, December 15, 2009 6:30:05 AM
Here's another thing to think about? If the $150,000 is already recorded in the books, where is the rest of the $2,000,000? The remaining 1.85 Million should have been recorded as a receivable right? Here is a potential accounting entry:
Debit Credit
Cash $150,000
Stock Equity (422Million shares) $150,00
Receivables $1,850,000
Additional Paid in Capital $1,850,000
Here's a question: When is the determination made that $1,850,000 has been provided to RLTR for services rendered by CEC? How is it determined? Who determines it?
Debit Credit
Cash $150,000
Stock Equity (422Million shares) $150,00
Receivables $1,850,000
Additional Paid in Capital $1,850,000
Here's a question: When is the determination made that $1,850,000 has been provided to RLTR for services rendered by CEC? How is it determined? Who determines it?
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