0
How would you make a journal entry for a repurchased shares in a journal?
Wiki User
∙ 9y ago
Debit treasury stock
Credit cash / bank
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
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.
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
What would be the journal entry for purchased 5000 shares of its own stock for 10 per share?
General entry in company books as follows: [Debit] Cash/Bank 50000 [Credit] Share capital 50000
Is a journal entry from the past summer a secondary source?
It depends. If it is your journal, or you are quoting from a journal you have actually seen, then no. A secondary source would be a newspaper report of that journal entry, for example. Unless the journal entry is stating something read or seen elsewhere, then it WOULD be a secondary source.
How would you do a Henry Hudson Journal entry?
Henry Hudson never really had a journal that we know of
What is the journal entry for deferred revenue?
As it is a advance receipt the journal entry would be cash dr. to deferred revenue
Accounting where would you put a bad debt entry?
In the Journal Proper
What happens if the adjusting entries to the general ledger are wrong?
You would reverse the journal entry then record the correct entry.
What events would not require a formal journal entry on a corporation's books?
k
What is journal entry for Accrued Revenue?
Accrued Revenue is a term that I rarely see, though it is an Asset and should be treated as such. Accrued Revenue would be treated similar to an Account Receivable. The Journal Entry would be a Debit to Accrued Revenue and a Credit to Revenue.
Issued 12500 shares of 30 par common stock at 65 receiving cash how to journalize this entry?
To journalize this entry, you would debit Cash for the total amount received ($65 x 12500 shares = $812,500) and credit Common Stock for the par value of the shares issued ($30 x 12500 shares = $375,000). This entry represents the increase in cash received from issuing the shares and the corresponding increase in the equity of the company due to the issuance of common stock.
What would be the journal entry for supplies used?
debit supplies expensecredit supplies inventory
