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debit treasury stock
credit bank / cash
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∙ 9y ago
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The journal entry to record the purchase of treasury stock will cause total stockholders' equity to decrease by the amount of the cost of the treasury stock?
true!
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What journal entry should be passed when compay purchase shares?
[debit] treasury stock [credit] cash / bank
How do you record journal entry for a purchase return?
debit cash / bank / accounts payablecredit purchase return
What is the journal entry to record a USD purchase?
Debit USD purchasedCredit cash /bank
The journal entry to record the purchase of treasury stock will cause total stockholders' equity to decrease by the amount of the cost of the treasury stock?
true!
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
What journal entry should be passed when compay purchase shares?
[debit] treasury stock [credit] cash / bank
How do you record journal entry for a purchase return?
debit cash / bank / accounts payablecredit purchase return
How do you record a journal entry for purchase of leads?
Debit leads purchasesCredit cash / bank
What is the journal entry to record a USD purchase?
Debit USD purchasedCredit cash /bank
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
What is the purpose of journal entry?
A journal records what you're findings are
You record the debit entry for transaction a 5 1 in the journal as?
You record he credit entry for transaction (a) 5/1 in the journal as
What is the journal entry for repurchasing common stock as treasury stock?
Debit treasury stockCredit cash / bank
How would you make a journal entry for a repurchased shares in a journal?
Debit treasury stockCredit cash / bank
What is The journal entry to record the purchase of inventory included a debit to?
[Debit] Purchases [Credit] Cash / bank / accounts payable
