Debit Cash / bank
Credit Shares in share capital of business
Debit shares in companyCredit cash /bank
debit cash 70000000credit shares in share capital 5000000credit premium on shares capital 2000000
[Debit] Dividend [Credit] Cash
debit shares in companycredit services revenue
Debit cash / bankCredit share capital
Debit shares in companyCredit cash /bank
Debit treasury stockCredit cash / bank
debit cash 70000000credit shares in share capital 5000000credit premium on shares capital 2000000
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.
[Debit] Dividend [Credit] Cash
Debit cash / bankCredit share capital
debit machine accountcredit share capital account
debit shares in companycredit services revenue
debit patent 92000credit shares in share capital 92000
Debit cash / bankCredit share capital
debit wages expensecredit shares in share capital
[debit] treasury stock [credit] cash / bank