Scribd
Upload
14 views2 pages

Journal Entries for Stock Transactions

The document contains examples of journal entries recording transactions involving common stock, preferred stock, additional paid-in capital, treasury stock, cash, and organization expenses. The entries record the initial issuance of common stock in exchange for cash, the issuance of preferred stock for cash, the purchase and resale of treasury stock, and the payment of organization expenses.

Uploaded by

Joe Nathaniel Arrieta
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
14 views2 pages

Journal Entries for Stock Transactions

The document contains examples of journal entries recording transactions involving common stock, preferred stock, additional paid-in capital, treasury stock, cash, and organization expenses. The entries record the initial issuance of common stock in exchange for cash, the issuance of preferred stock for cash, the purchase and resale of treasury stock, and the payment of organization expenses.

Uploaded by

Joe Nathaniel Arrieta
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Student’s Last Name 1

Exercise 13-4

Date Accounts Debit Credit


a. Cash 52500
Common Stock 10000
Additional Paid-in Capital – Common Stock 42500

b. Cash 52500
Common Stock 10000
Additional Paid-in Capital – Common Stock 42500

c. Cash 52500
Common Stock 52500

d. Organization Expense 52500


Common Stock 10000
Additional Paid-in Capital – Common Stock 42500

e. Land 52500
Common Stock 10000
Additional Paid-in Capital – Common Stock 42500

Exercise 13-5

Date Accounts Debit Credit


Mar 2 Organization Expense 21200
Common Stock 16000
Additional Paid-in Capital – Common Stock 5200

June 12 Cash 305500


Common Stock 225600
Additional Paid-in Capital – Common Stock 79900

July 11 Cash 253500


Preferred Stock 195000
Additional Paid-in Capital – Preferred Stock 58500

Nov 28 Treasury Stock 78500


Cash 78500
Student’s Last Name 2

Exercise 13-8

Date Accounts Debit Credit


Treasury Stock 249600
Cash 249600
To record purchase from stockholders

Cash 96900
Treasury Stock 91200
Additional Paid-in Capital – Treasury Stock 5700
To record sales of shares at $51 per share

Cash 87400
Additional Paid-in Capital – Treasury Stock 3800
Treasury Stock 91200
To record sales of shares at $46 per share

Cash 56000
Additional Paid-in Capital – Treasury Stock 1900
Retained Earnings 9300
Treasury Stock 67200
To record sales of shares at $40 per share

You might also like