[Debit] Cash / bank
[Credit] share capital
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
debit share capital accountcredit legal fee expenses
Debit Capital stock xx Credit Cash xx Generally you would offset costs of issuing common or preferred stock against the similar equity account.
debit land and building 45000credit shares in share capital 45000
debit Unissued Common Stock credit Authorized Common Stock
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
debit share capital accountcredit legal fee expenses
Debit Capital stock xx Credit Cash xx Generally you would offset costs of issuing common or preferred stock against the similar equity account.
One reason is raise capital for a company without sacrificing the control of company. Issuing common stock would do this.
debit land and building 45000credit shares in share capital 45000
One reason is raise capital for a company without sacrificing the control of company. Issuing common stock would do this.
debit Unissued Common Stock credit Authorized Common Stock
[Debit] Legal Services expenses 1000000 [Credit] Share capital account 1000000
Yes, the word journal is a common noun, A proper noun would be the name of a journal, for example, The Journal of the American Medical Association.
Underpricing is one major expense associated with issuing new shares of common stock.
TRUE
TRUE