Originally Posted by Hermansherman
Do not agree, if I do not make an entry then I will have 33,333,333 shares par value of .001 but the amount in the account will be $100,000.00
I feel I have to make an entry within Shareholders Equity in order to have the correct par value stated with the shares.
No journal entry is needed at all for a reverse stock split. The result is all the same. All you need is a memorandum to describe what you did. If you believe an entry is needed, please tell me. You can google it, yahoo it and it will be in my favor.