Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   How would I make accounting entry in the books when I issue share? (https://www.askmehelpdesk.com/showthread.php?t=81954)

  • Apr 12, 2007, 01:17 PM
    aspannu_007
    How would I make accounting entry in the books when I issue share?
    How would I make accounting entry in the books when I issue shares?
    I don't have much experience in this. I have a small business. I issued myself 100 shares for $1 each when stared up my business. That entry was easy DR cash CR common shares. Now I am issuing 100 more shares to my new partner for $10 each. I know the balance of shares should be 100+100=200 in CR and cash should be $100+1,000=1,100 DR but where would I put the difference. And What would I do when I sell these shares?
  • Apr 12, 2007, 08:12 PM
    goldenbutterfly
    Quote:

    Originally Posted by aspannu_007
    How would I make accounting entry in the books when I issue shares?
    I don't have much experience in this. I have a small business. I issued myself 100 shares for $1 each when stared up my business. That entry was easy DR cash CR common shares. Now I am issuing 100 more shares to my new partner for $10 each. I know the balance of shares should be 100+100=200 in CR and cash should be $100+1,000=1,100 DR but where would I put the difference. and What would I do when I sell these shares?

    dr. cash 1000
    Cr. Common shares 100
    Cr. Additional paid in capital 900

  • All times are GMT -7. The time now is 06:26 PM.