0

Subjects>Business>Accounting

How do you prepare a journal entry for purches of shares?

Anonymous

∙ 11y ago

Updated: 9/13/2023

Debit shares in company
Credit cash /bank

Wiki User

∙ 11y ago

What else can I help you with?

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 shares of common stock issued for an amount worth of services rendered in organizing and chartering?

debit shares in companycredit services revenue

What journal entry should be passed when compay purchase shares?

[debit] treasury stock [credit] cash / bank

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 selling 7500 shares of treasury common for 457000?

debit cash / bank 457000credit share capital 457000

Related Questions

What is the journal entry of issue of shares?

Debit Cash / bankCredit Shares in share capital of business

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

Debit treasury stockCredit cash / bank

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 amc?

To provide an accurate journal entry for AMC, it would depend on the specific transaction being recorded (e.g., a purchase of shares, sale of shares, or recognition of revenue). For example, if AMC issued shares and received cash, the journal entry would be: Debit Cash (for the amount received) Credit Common Stock (for the par value of the shares) Credit Additional Paid-In Capital (for the amount above par value). Please specify the transaction type for a more tailored response.

What is the journal entry to book a machine purchased with shares?

debit machine accountcredit share capital account

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 journal entry should be passed when compay purchase shares?

[debit] treasury stock [credit] cash / bank

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 trading stock given as part of wages?

debit wages expensecredit shares in share capital

What is the journal entry for 2000 shares of 5 par value common stock for land worth 31000?

debit land 31000credit shares 10000credit premium 21000

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

debit cash / bank 457000credit share capital 457000

Trending Questions

Which organization is primarily responsible for establishing GAAP? If variable costs increase what must happen to the number of units required to breakeven? Why is a physical count necessary in a periodic inventory system? Does your understanding of the costs to society of your negative driving behavior provide you with sufficient reason to change the behavior? In US BANK If you have access to accounts other than your own how can you get an alert when those accounts have statements ready in Access Online? What is key verifying in business? Reconcile this bank statement.Ending Balance 159.75Outstanding Deposits 175.46 Outstanding Checks 231.69? Why are transaction accounts the most liquid of all funds? To which address is an IRS Form 3911 mailed? What type of business structure liability is limited only to the assets of the business and does not extend to individuals? What information does the Internal Revenue Service require to fill out a 1099 form? Is The average annual salary for 35 of a companys 1200 accountants is 57000. This describes a parameter? When does fiscal year 2011 start? Can you return a cashiers check you made out to payee? Which of the statements about a lost or stolen card is true? Can you receive tax refund if you have no income? What can hold your state refund back? Is contingent liability credit or debit? What is difference between tax free and taxable income? Which type of account is held by the mortgage lender and use to cover property taxes and homeowners insurances?

Resources

Top Categories

Product

Company

Copyright ©2026 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.