Module 6 A and B

Module 6 A and B - A. Issuing Common Stock For cash you...

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A. Issuing Common Stock For cash you take the price per share and multiply it by the number of shares Common stock is the number of shares times the par value Additional paid in capital is cash and common stock minus each other
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B. Issuing Preferred Stock C. Treasury Stock Transactions
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Debit treasury stock Credit Cash You find both totals by multiplying the shares by the current buy back value Treasury Stock Transactions Continued Cash is cost now times shares Treasury stock is Cash prior time’s shares Paid in capital from treasury is cash minus treasury stock. Part 2 Stock Dividends and Splits Part A Retained Earnings
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B. Issuing Par Common Stock Debit: Cash Cash= Shares times issue price Credit: Common Stock and Additional paid in Capital Common stock: Shares times par cash amount Additional Paid in Capital: Cash minus Common Stock
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Cash Dividends Debit Retained Earnings Credit Cash Both answers are the number of shares of common stock times the amount of dividends per share. Debit Retained Earnings
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This note was uploaded on 07/16/2011 for the course ACCT 212 taught by Professor Song during the Spring '11 term at DeVry Kansas City.

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Module 6 A and B - A. Issuing Common Stock For cash you...

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