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    bgriffi3's Avatar
    bgriffi3 Posts: 13, Reputation: 1
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    #1

    Aug 19, 2010, 11:50 AM
    how do you post when a co. common stock rose by $150,000
    Market value of Selfish Gene's common stock rose by $150,000. How would you post or journalize this in the general ledger or would you?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 19, 2010, 04:06 PM

    Market value isn't posted in the company's books. That's a value between different investors. i.e. I buy some stock at par of $10. Later I sell it to you (through the market) for $15. I have a $5/share gain. You have a basis of $15. NOTHING happens on the company's books for this at all - because the company had nothing to do with our transaction, and they don't have that extra $5 a share. I have it.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Aug 21, 2010, 09:05 PM

    Placed in where? I don't know what you're referring to.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #4

    Aug 22, 2010, 03:46 PM

    You do not journalize a change in market value!!
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