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Issuing Par Value Common Stock for Cash

(assume par value is $1) dr. Cash $1.00

cr. Common Stock $1.00

to record issuance of 1 share of $1 par common stock if sold for more than par value (Assuming $5) dr. Cash $5

cr. Common Stock $1

Paid-in Capital in excess of par $4

to record issuance of 1 share of common stock in excess of par.

Q: What is the journal entry for a stock issue?
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Related answers

Issuing Par Value Common Stock for Cash

(assume par value is $1) dr. Cash $1.00

cr. Common Stock $1.00

to record issuance of 1 share of $1 par common stock if sold for more than par value (Assuming $5) dr. Cash $5

cr. Common Stock $1

Paid-in Capital in excess of par $4

to record issuance of 1 share of common stock in excess of par.

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1

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Cash Common Stock Paid in Capital

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pay dividend before common stock

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1. Demand in the stock market

2. The company's profitability

3. the company's Sales/income

etc..

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