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What is the journal entry to book a machine purchased with shares?
Wiki User
∙ 9y ago
debit machine account
credit share capital account
Wiki User
∙ 9y ago
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How do you prepare a journal entry for purches of shares?
Debit shares in companyCredit cash /bank
What is the journal entry of issue of shares?
Debit Cash / bankCredit Shares in share capital of business
What is the journal entry for purchased 5000 shares of its own stock for 10 per share?
Debit Treasury Stock account50000 Credit Cash / bank account 50000
How would you make a journal entry for a repurchased shares in a journal?
Debit treasury stockCredit cash / bank
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 are the accounting entries for free shares?
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.
What is the journal entry for unsubscribe capital stock?
There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.
What will be the journal entry if the invoice is received from supplier?
There is no entry for receiving invoice from suppliers rather entry is made when goods purchased from suppliers.
How do you make a journal entry for a goat purchased with cash?
debit goatCredit cash
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
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 will be the journal entry for supplies purchased with a check?
Debit supplies accountCredit bank account
