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Is common stock debit

Anonymous

∙ 11y ago

Updated: 4/28/2022

Common stock in companyâ€™s balance sheet is credit as it is the liability of the business to pay it back to itâ€™s owners while it is debit in the investors balance sheet as it is asset of that company.

Wiki User

∙ 11y ago

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Is common stock a debit or a credit?

Common Stock is a Credit. Closing Stock is a Debit.

Is common stock increased with a debit?

Common stock has a credit normal balance so with debit it reduces while with credit it increases.

What are the journal entries to record the exchange of common stock?

debit common stock of one typecredit common stock of other type

What are the accounting journal entries for the redemption of common stock?

Debit common stockCredit redemption of common stock account

What are the accounting journal entries to record common stock redemption?

Debit common stockCredit redemption of common stock account

Is common stock a debit or a credit?

Common Stock is a Credit. Closing Stock is a Debit.

Is common stock increased with a debit?

Common stock has a credit normal balance so with debit it reduces while with credit it increases.

What are the journal entries to record the exchange of common stock?

debit common stock of one typecredit common stock of other type

What are the accounting journal entries for the redemption of common stock?

Debit common stockCredit redemption of common stock account

What are the accounting journal entries to record common stock redemption?

Debit common stockCredit redemption of common stock account

Is common stock debit or credit on the trial balance?

Credit

What are the accounting journal entries to record depositing cash for common stock?

[Debit] Cash /bank [Credit] Common Stock

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

Debit treasury stockCredit cash / bank

What is the journal entry in the increase of authorized capital stock?

debit Unissued Common Stock credit Authorized Common Stock

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

Is stock a credit or debit account balance?

Stock is an asset so it should always be a debit balance.

What are the accounting journal entries to record the exchange of debt for common stock?

Debit the liability (debt) account and credit Common Stock (for the par value of the shares) and Additional Paid in Capital (for the balance).

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