Debit Cash / bank
Credit share capital account
figure it out yourself and then let me know cause i have no idea :(
The worksheet is only a tool that aids in the preparation of financial statements. Any changes in account balances recorded on the worksheet are not shown in the general journal and the general ledger until the adjusting entries have been journalized and posted.
Debit "Cash" for $18,000 and credit "Equity - Common Stock" for $18,000.
debit common stock of one typecredit common stock of other type
debit stock in other companycredit stock inventory
figure it out yourself and then let me know cause i have no idea :(
Journal Entries recorded to update general ledger accounts at the end of a fiscal period are called adjusting entries.
The worksheet is only a tool that aids in the preparation of financial statements. Any changes in account balances recorded on the worksheet are not shown in the general journal and the general ledger until the adjusting entries have been journalized and posted.
Debit "Cash" for $18,000 and credit "Equity - Common Stock" for $18,000.
debit common stock of one typecredit common stock of other type
debit stock in other companycredit stock inventory
Debit common stockCredit redemption of common stock account
Debit common stockCredit redemption of common stock account
[Debit] Cash /bank [Credit] Common Stock
1. Journalize transactions, Post to the accounts, Prepare a trial Balance. 2. Post to the accounts, Journalize transactions, Prepare a trial Balance. 3. Prepare a trial Balance, Journalize transaction, Post to the accounts
double entry for closing inventory?
declared and paid a $900 dividend