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What are the Journal entry for forfeiture of share and re issue of share?
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Share issue journal entry?
Debit cash / bankCredit share capital
What is the journal entry of Share issue at par?
Debit cash / bankCredit share capital
What is the entry for forfeiture of shares?
Forefiture of shares issued at par:-Share capital A/c Dr.To share allotment A/cTo Share Call A/cTo share forfeiture A/c(Forfeiture of shares issued at par)
What is the journal entry of issue of shares?
Debit Cash / bankCredit Shares in share capital of business
How do you prepare the journal entry to issue 100000 in bonds which sold for 98000?
debit cash / bank 98000credit share capital 98000
What is the journal entry for share premium?
debit cashcredit share capitalcredit share premium
Will an increase in common stock require a journal entry?
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
What is forfeiture share?
Failure of call money for share holder its calld"forfeiture of shares"
What is journal entry for share capital paid?
debit share capital accountcredit cash / bank
What is the journal entry on resale of treasury stock?
[debit] cash / bankcredit share capital
What are the two methods of accounting for share capital?
Journal Entry method and Memorandum method
The journal entry to issue 1000000 shares of 5 dollars par common stock for 7dollars per share on January 2nd would be?
debit cash 70000000credit shares in share capital 5000000credit premium on shares capital 2000000
