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    Sxy40s's Avatar
    Sxy40s Posts: 1, Reputation: 1
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    #1

    Nov 10, 2008, 07:14 PM
    Issued shares of stock
    What accounts would I debit and credit if I were sell 5oo shares of stock and transfer it to another stockholder for $5,000 cash?
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
    Senior Member
    		  
    #2

    Nov 12, 2008, 10:02 PM

    Debt Cash 5000
    Credit Common Stock (At Par) xxx
    Credit Additional Paid in capital xxx

    Need more info what is the par value?
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