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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 are the journal entries for issuing 45000 shares of common stock in exchange for land and building?
debit land and building 45000credit shares in share capital 45000
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 3000 shares of 1 par common stock at 49 per share?
Cash Common Stock Paid in Capital
What is the Journal entry for 10000 shares of 50 par value preferred stock and 200000 shares of 10 par value common stock?
Debit Cash / bank 2500000 Credit Preference shares capital 500000 Credit Common share capital 2000000
What is the journal entry for selling 7500 shares of treasury common for 457000?
debit cash / bank 457000credit share capital 457000
The journal entry to issue 1000000 shares of 5 dollars par common stock for 7dollars per share on January 2nd would be?
debit cash 70000000credit shares in share capital 5000000credit premium on shares capital 2000000
What type of preferred stock that may be exchanged at the stockholder's option for common stock?
The type of preferred stock that can be exchanged at the stockholder's option for common stock is known as "convertible preferred stock." This financial instrument allows investors to convert their preferred shares into a predetermined number of common shares, usually at a specified conversion rate. This feature provides the potential for capital appreciation while retaining the benefits of preferred stock, such as fixed dividends.
How do you prepare a journal entry for purches of shares?
Debit shares in companyCredit cash /bank
What is the journal entry for selling 100000 shares of common stock at 14 a share?
debit cash / bank 1400000credit share capital 1400000
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 of issue of shares?
Debit Cash / bankCredit Shares in share capital of business
