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?
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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?
Being authorized to sell stock would require no Journal Entry.
Selling the stock would require such an entry.
Thank you so much!
You're welcome
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