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What is the journal entry for repurchasing common stock as treasury stock?

Updated: 9/18/2023

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∙ 9y ago

Best Answer

Debit treasury stock
Credit cash / bank

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∙ 9y ago

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Q: What is the journal entry for repurchasing common stock as treasury stock?

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How do you record journal entry for purchase of treasury stock?

debit treasury stockcredit bank / cash

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

debit cash / bank 457000credit share capital 457000

What is the journal entry on resale of treasury stock?

[debit] cash / bankcredit share capital

What is the Journal entry for buying back stock?

Debit treasury stockCredit 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!

Related questions

How do you record journal entry for purchase of treasury stock?

debit treasury stockcredit bank / cash

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

debit cash / bank 457000credit share capital 457000

How would you make a journal entry for a repurchased shares in a journal?

Debit treasury stockCredit cash / bank

What is the journal entry on resale of treasury stock?

[debit] cash / bankcredit share capital

What is the Journal entry for buying back stock?

Debit treasury stockCredit 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 journal entry for purchasing 400 shares of treasury stock at 7 per share?

debit treasury stock 2800credit cash / bank 2800

When an owner buys stock what is the journal entry?

debit own stock / treasury stockcredit cash / bank

What is the journal entry to decrease paid-up capital?

[Debit[ Treasury stock [Credit] Cash / bank / Goods

What journal entry should be passed when compay purchase shares?

[debit] treasury stock [credit] cash / bank

Will an increase in common stock require a journal entry?

Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital

What is a journal entry to buy equipment with 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

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