Prepare the general journal entry to record this transaction. Preparing Journal Entry of the transaction (6) ; Date. Particular.IF the company sells the shares for less than the par value, then you would debit APIC. In the following example, the funds are recorded as a debit to cash and a credit to bond proceeds in the Capital Projects Fund. Capital assets management system is the set of written policies and procedures used to control a government's capital assets and demonstrate accountability. A company issues common stock to raise money, so the debit will always be to cash. Equity financing, meaning the sale of stock shares, provides cash capital that is also reported in the equity portion of the balance sheet.

Issued Shares For Cash Journal Entry In Washington

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