FAR Journal Entries > Accounting for Stock Issuance > Flashcards

Accounting for Stock Issuance Flashcards

(4 cards)

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1
Q

Sale of Stock Subscriptions

A

DR: Subscriptions Receivable
CR: Common Stock subscribed
CR: APIC

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2
Q

Collection of Subscriptions

A

DR: Cash
CR: Subscriptions Receivable

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3
Q

Issuance of Stock previously Subscrbed

A

DR: Common Stock Subscribed
CR: Common Stock issued

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4
Q

Exercise of Stock Rights

A

DR: Cash
CR: Common Stock
CR: APIC

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