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-   -   What is the procedure of share issue (https://www.askmehelpdesk.com/showthread.php?t=520159)

  • Oct 25, 2010, 11:58 AM
    sillky
    What is the procedure of share issue
  • Oct 25, 2010, 02:35 PM
    pready

    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.

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