Date post: | 13-Jan-2017 |
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Education |
Upload: | christopher-farrell-cpa |
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I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com
Alternative
I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com
Alternative> Issuance
I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com
Alternative> Issuance< Issuance
https://www.youtube.com/watch?v=hyEIxlmOCVY
Click here for the narratedversion of this deck on
Takes about 4 1/2 minutes.
"ISSUANCE"
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SELLMY
STOCK
"REPURCHASE"
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BUYIT
BACK
ALTERNATIVE
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COSTMETHOD
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DR: T-Stock CR: Cash
TREASURY STOCK
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CONTRAEQUITY
PAR VALUE METHOD
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CR: Cash
PAR VALUE METHOD
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CR: CashDR: T-Stock
PAR VALUE METHOD
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CR: CashDR: T-StockDR: APIC
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DEBITOR
CREDIT?
DEBIT
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RETAINEDEARNINGS
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DR: Cash $4,000 CR: Common Stock $250 CR: APIC $3,750
EXAMPLE:ORIGINAL ISSUANCE
REPURCHASE
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$120 * 50=
$6,000
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CR: Cash $6,000
ENTRY
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CR: Cash $6,000DR: T-Stock $250
ENTRY
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CR: Cash $6,000DR: T-Stock $250DR: APIC $3,750
ENTRY
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CR: Cash $6,000DR: T-Stock $250DR: APIC $3,750
ENTRY
?????
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CR: Cash $6,000DR: T-Stock $250DR: APIC $3,750DR: R/E $2,000
ENTRY
REPURCHASE
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$60 * 50=
$3,000
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CR: Cash $3,000DR: T-Stock $250DR: APIC $3,750
ENTRY
?????
facebook.com/uraccounted4accounting/
CR: Cash $3,000DR: T-Stock $250DR: APIC $3,750 CR: APIC T-Stock $1,000
ENTRY
R e c a p o f w h a t w e c o v e r e d :
Par value or costmethod
uraccounted4accounting.com
R e c a p o f w h a t w e c o v e r e d :
Par value or costmethodNet debit to retainedearnings
uraccounted4accounting.com
R e c a p o f w h a t w e c o v e r e d :
Par value or costmethodNet debitto Retained EarningsNet credit to APIC T-Stock
uraccounted4accounting.com
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