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Issued 12500 shares of 30 par common stock at 65 receiving cash how to journalize this entry?
Wiki User
∙ 15y ago
To the best of my knowledge i would like to fistly confirm the questioner that "30 par" means the face value... If Rs. 30 is the face value than the journal entry will be as below: 1) Bank/Cash A/c Dr. 812500 To Share Application Money A/c 812500 2) Share Application Money A/c Dr. 812500 To Share Capital A/c 375000 To Share Premium A/c 437500 Probably this would be the entry of issuing Shares... For any more queries contact me on nikhilgokharu@Yahoo.co.in
Wiki User
∙ 15y ago
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.
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What would cause common stock shares issued to exceed common stock shares outstanding?
declaration of a stock dividend
What is the difference between return on total equity and return on common equity?
Total equity and common equity are separate things where there is preference shares are also issued in that case only shares issued to common share holders are included in common equity while in total equity shares issued to preference shareholders are also included.
The number of common shares outstanding can never be greater than the number of shares issued?
True
My corporation issue 2000 shares of no-par common stock at a cash price of 9.00 per share how do you journalize the issuance of the share?
Debit "Cash" for $18,000 and credit "Equity - Common Stock" for $18,000.
Cash Flow per share of Common Stock?
Issued 14,118 shares of common stock for $14,118 cash.
The charter of a corporation provides for the issuance of 100000 shares of common stock Assume that 40000 shares were originally issued and 5000 were subsequently reacquired What is the amount?
35000 shares.
How do you you make a journal entry for Issued new equity to shareholders receiving 500 in cash?
debit cash 500credit equity shares 500
Can issued shares be split?
This is done, usually, only by the company that issued the shares.
Treasury stock plus outstanding shares would be?
Issued Shares Authorized Shares = Issued Shares (sold to investors) + Unissued Shares Issued Shares = Outstanding Stock (held by investors) + Treasury Stock (stock bought back by company)
What is a share describe the various types of shares that can be issued by a company?
A share can be defined as an asset that belongs to an individual or a group of people. The various types of shares that can be issued by a company are Authorized and issued shares. Authorized shares are the ones that a company is allowed to issue while issued shares are the shares that are allocated to shareholders.
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
Common stock 10 par value 7000000 shares authorized 5700000 shares issued 5500000 shares outstanding CAlcualte the dollar amount that will be presented opposite of this caption?
55,000,000
