Tags Business Accounting and Bookkeeping

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What is the journal entry for purchased 5000 shares of its own stock for 10 per share?

Updated: 9/22/2023

Wiki User

∙ 9y ago

Best Answer

Debit Treasury Stock account50000

Credit Cash / bank account 50000

Wiki User

∙ 9y ago

This answer is:

Add your answer:

Earn +20 pts

Q: What is the journal entry for purchased 5000 shares of its own stock for 10 per share?

Write your answer...

Submit

Still have questions?

imp

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 selling 100000 shares of common stock at 14 a share?

debit cash / bank 1400000credit share capital 1400000

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

debit cash / bankcredit shares in share capital account

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 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 to book a machine purchased with shares?

debit machine accountcredit share capital account

What is the journal entry of issue of shares?

Debit Cash / bankCredit Shares in share capital of business

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

What is the journal entry for selling 100000 shares of common stock at 14 a share?

debit cash / bank 1400000credit share capital 1400000

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

debit wages expensecredit shares in share capital

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 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 shares redeemed for less than issued capital?

debit share redemption accountcredit cash / bankcredit profit on share redemption

What is the journal entry for 10000 shares of 2 par stock at 9 per share?

debit cash / bank 90000credit share capital 20000credit share premium 70000

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

debit cash / bank 457000credit share capital 457000

If 20000 shares are reacquired as treasury shares at cost of 12.00 per share and par value is 10.00 per share what should be the journal entry?

debit treasury stock 200000debit premium 40000credit cash 240000

Trending Questions

How much money did a medieval clerk make in a day? Distinguish between normal profit and abnormal profit? How use money clips? Can you go to jail for too many overdrafts in your checking account? What is the need for and importance of ethical behavior? What amount is paid to the employee as a percentage of sales? What is the generally accepted term for the high male range is? When do the renters rebate checks for mn? Why The AP ledger requires a subsidiary ledger? What are the most common tax forms used for the 2012 tax year? What is the average monthly electric bill for a medium sized fitness center? What type of tax is usually paid to a county treasurer? What is cess in India? The person who signs a note receivable and promises to pay the principal and interset is? How can you access your payroll? During your lifetime is there a cutoff for FICCA tax payments and at what amount? What is the mailing address for IRS form 941 if you live in Missouri? What are allowable expenses against Capital Gains on a Inheritance property? Can the amount you receive be increassed if you unretire? What does Certificacion de Cuenta mean in English?

Still have questions?

imp

Previously Viewed

What is the journal entry for purchased 5000 shares of its own stock for 10 per share?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.