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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
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∙ 9y ago
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What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
Will an increase in common stock require a journal entry?
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
What is the journal entry for repurchasing common stock as treasury stock?
Debit treasury stockCredit cash / bank
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
How do you get the stock dividends in a journal entry?
debit stock dividendcredit dividend income
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
Will an increase in common stock require a journal entry?
Yes, it requires a journal entry as follows:debit cash / bank / assetscredit share capital
What is the journal entry for repurchasing common stock as treasury stock?
Debit treasury stockCredit cash / bank
Does a stock split require a journal entry?
Stock split require no journal entry rather memorandum entry is required about transaction.
What is the journal entry for selling 3000 shares of 1 par common stock at 49 per share?
Cash Common Stock Paid in Capital
How do you get the stock dividends in a journal entry?
debit stock dividendcredit dividend income
What is the journal entry of the opening stock?
opening stock is the stock at the end of previous year which is being carried forward to next year. so it is treated as opening balance (asset) n the following journal entry will b passed opening stock Dr. to liabilities *if liabilities are not there then capital is to be credited
Journal entry for adjusting closing stock with purchases?
what is entry of closing stock in p & L a/c & balance sheet
Issued 300 shares of common stock to the promoter for assistance with issuance of common stock the promotional fee was 1800 pass the journal entry?
debit cashdebit promotional feecredit share capital
What is the Journal entry for opening stock?
don t known
What is the journal entry for theft of stock?
debit theft of stockcredit inventory / stock account
Journal entry for Issuing Par Value Common Stock to another company?
[Debit] Cash / bank [Credit] share capital
