Journal entry for purchasing shares of common stock

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Issuance of Shares of Stock | Journal Entries | Examples

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Reporting and Analyzing Stockholders. Issuance of Common Stock at par value Cash XXX Common Stock XXX Issuance of Common Stock above par value Cash XXX Common Stock XXX PIC in Excess of Par Journal entry for purchasing shares of common stock XXX Issuance of Common Stock at stated value Cash XXX Common Stock XXX.

Record common stock always apa maksud leverage dalam forex its par or stated value. Multiply the number of shares sold times the par or stated value to get the dollar amount credited to common stock.

Illustrative Entries

Subtract the par or stated value from the market price to calculate the paid-in-capital in excess of par value for the common stock per share. Next, multiply the resulting amount time the number of shares sold to calculate the dollar amount for the paid-in-capital in excess of par value-common. Issuance of Preferred Stock: Issuance of Preferred Stock at par value Cash XXX Preferred Stock XXX Issuance of Preferred Stock above par value Cash XXX.

Preferred Stock XXX PIC in Excess of Par Value-Preferred XXX.

Calculated the dollar amounts for preferred stock in the same manner as for common stock. About About Scribd Press Our blog Join our team! Contact Us Join today Invite Friends Gifts. Legal Terms Privacy Copyright. Sign up to vote on this title. You're Reading a Free Preview Download.

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