Is common stock a debit or credit?

Crazyk10182 Posts: 1, Reputation: 1

New Member

Apr 19, 2010, 02:52 PM

Is common stock a debit or credit?

Is common stock a debit or credit on the trial balance?

pready Posts: 3,197, Reputation: 207

Ultra Member

Apr 19, 2010, 06:11 PM

It is an Owner's Equity account and has a normal credit balance

Add your answer here.

Check out some similar questions!

You are considering an investment in the common stock of Crisp's Cookware. The stock [ 1 Answers ]

You are considering an investment in the common stock of Crisp's Cookware. The stock is expected to pay a dividend of $2 a share at the end of the year D1=$2. The stock has a beta equal to.0.9. The risk free rate is 5.6%, and market risk premium is 6%. The stock's dividend is expected to grow at...

Calculating Preferred Stock and Common Stock Dividend [ 1 Answers ]

I want help understanding calculating dividends on preferred stock, here is the question: Golf-Easy Company has 10,000 shares of 3% preferred stock of $50 par and 25,000 shares of $100 par common stock. The following amounts were distributed as dividends: Year 1 $40,000 Year 2 ...

Preferred stock and common stock [ 1 Answers ]

Marsala company has 5000 shares of 2% preferred stock of $75 par and 10,000 shares of $150 par common stock. The following amount were distributed as dividend Y1 2000 y2 4,000 y3 40000

Adjusting entries for common stock and preferred stock. [ 1 Answers ]

This is a question off my problem. I am hoping that someone can help. The corporation has stocks of preferred stock with a number of shares of 400 that cost $6,000 and common stock of shares for 300 that cost $9,000. The common stock has purchases on march 30 of 25 shares for the cost of $950 and...