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

    Oct 25, 2010, 11:58 AM
    What is the procedure of share issue
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 25, 2010, 02:35 PM

    Are you talking about stock. If so then the journal entry will be:
    Debit Cash for the amount of cash received
    Credit Preferred Stock or Common Stock for the par value times the number of shares issued
    Credit Addition Paid-in Capital - Preferred or Common for the difference.
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