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Yes, it requires a journal entry as follows:
debit cash / bank / assets
credit share capital
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What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What events would not require a formal journal entry on a corporation's books?
k
What is the journal entry to increase pension expense?
Debit pension expenseCredit cash / bank
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
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What events would not require a formal journal entry on a corporation's books?
k
What is the journal entry to increase pension expense?
Debit pension expenseCredit cash / bank
How do you record journal entry to increase notes payable?
debit cashcredit notes payable
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
What is a compound journal entry?
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
How do you do journal entry for Forecasting Sales?
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
What is the journal entry to increase paid up capital?
debit cash /bankcredit capital account
What is the structure of a journal entry?
Recording of a transaction in an accounting journal, such as the General Journal. The journal entry has equal debit and credit amounts, and it usually includes a one-sentence explanation of the purpose of the transaction is called journal entry.
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
