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Subjects>Business>Accounting

How do you prepare a journal entry for purches of shares?

Updated: 9/13/2023

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∙ 9y ago

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Debit shares in company
Credit cash /bank

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Continue Learning about Accounting

What is the journal entry of issue of shares?

Debit Cash / bankCredit Shares in share capital of business

What is the journal entry for shares of common stock issued for an amount worth of services rendered in organizing and chartering?

debit shares in companycredit services revenue

What journal entry should be passed when compay purchase shares?

[debit] treasury stock [credit] cash / bank

What is the journal entry for par value issued to shareholders?

debit cash / bankcredit shares in share capital account

What is the journal entry for selling 7500 shares of treasury common for 457000?

debit cash / bank 457000credit share capital 457000

Related questions

What is the journal entry of issue of shares?

Debit Cash / bankCredit Shares in share capital of business

How would you make a journal entry for a repurchased shares in a journal?

Debit treasury stockCredit cash / bank

What are the accounting entries for free shares?

You would make the journal entry the same way you would make it if they were not free shares. You would use the estimated or known value of the free shares to make the entry.

What is the journal entry to book a machine purchased with shares?

debit machine accountcredit share capital account

What is the journal entry for shares of common stock issued for an amount worth of services rendered in organizing and chartering?

debit shares in companycredit services revenue

What is the journal entry for exchanged 5000 shares of common stock for a patent value at 92000?

debit patent 92000credit shares in share capital 92000

What is the journal entry for trading stock given as part of wages?

debit wages expensecredit shares in share capital

What journal entry should be passed when compay purchase shares?

[debit] treasury stock [credit] cash / bank

What is the journal entry for par value issued to shareholders?

debit cash / bankcredit shares in share capital account

What is the journal entry for 2000 shares of 5 par value common stock for land worth 31000?

debit land 31000credit shares 10000credit premium 21000

What is the journal entry for selling 7500 shares of treasury common for 457000?

debit cash / bank 457000credit share capital 457000

How do you prepare the adjusting journal entry to write off bad debt?

debit bad debts accountcredit accounts receivable

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