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-   -   State Authorization of Stock (https://www.askmehelpdesk.com/showthread.php?t=200096)

  • Mar 29, 2008, 06:26 PM
    CB84
    State Authorization of Stock
    I am wondering how a journal entry is made when a state authorizes a company to sell common stock. Does the Dr. go to Common Stock and the Cr. To Stockholder's Equity?
  • Mar 29, 2008, 09:19 PM
    CaptainForest
    Being authorized to sell stock would require no Journal Entry.

    Selling the stock would require such an entry.
  • Mar 30, 2008, 08:21 AM
    CB84
    Thank you so much!
  • Mar 30, 2008, 06:13 PM
    CaptainForest
    You're welcome

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