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    faison101's Avatar
    faison101 Posts: 1, Reputation: 1
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    #1

    Apr 30, 2009, 06:16 PM
    Capital Stock Transaction
    If I received an additional 30% of the subscription price from the subscribers to 6,000 shares of no-par common stock, Receipt 563, what are the accounts that are debited and credited?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    May 1, 2009, 12:20 AM

    DEBIT Cash at Bank
    CREDIT Oversubsciptions on Shares Account.

    Being oversubsciptions received.
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