Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Journal entry for ordinary shares (https://www.askmehelpdesk.com/showthread.php?t=269932)

  • Oct 16, 2008, 03:12 AM
    lulusam
    Journal entry for ordinary shares
    Hi, please could you tell me what the appropriate journal entry is for ordinary shares opening balance? Thanks you
  • Oct 16, 2008, 03:43 AM
    hamzashakaa

    When shares are issued (Sold) for cash the following entry is performed:

    Dr. Cash
    Cr. Common stock ( For the Par Value)
    Cr. Capital in excess of par (The amount above the par value)

  • All times are GMT -7. The time now is 10:13 PM.