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View Full Version : What is the procedure of share issue


sillky
Oct 25, 2010, 11:58 AM

pready
Oct 25, 2010, 02:35 PM
Are you talking about stock. If so then the journal entry will be:
Debit Cash for the amount of cash received
Credit Preferred Stock or Common Stock for the par value times the number of shares issued
Credit Addition Paid-in Capital - Preferred or Common for the difference.