Accounting Journalization question, please help..?

How would you journalize this in an accounting general journal and then ledger?? (if there's any calculations, which ones)

Investor A purchased 7,500 shares of $1.50 par value stock in exchange for an investment of $25,000.

Thanks!!

Dr Cash $25,000
Cr Common stock $11,250
Cr Additional paid-in capital in excess of par $13,750
(Being proceeds of shares issued to Mr A)

Debit cash for $25,000, credit stock for $11,250 and credit additional paid-in capital for $13,750.

Assets = OE-Liabilities

Share Capital Account - Credit by $25000 and Debit bank by $25000.

I think

Tags

　　Investment Company 　　Investment Calculator 　　Investment Bank 　　Investment Advice 　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund

Related information

Buy car with or without loan?

I would buy the car out right with the 10k you have. Then use the money you would have used to make the car payment with and invest it on a monthly basis. You aren't going to get a free car ...

Is Zecco a good deal? Any exp. in discount broker fees? Please help!?

I took a quick look and the fees don't look too bad. It all depends on how large your account is, how you trade, and how often you plan to trade. Although they have very low transaction fe...

How do brokers charge interest on margin?

if you trade on margin: lets say you buy 拢50000 of stock on 10% margin. So you put up 拢5000 and borrow the balance of 拢45000 from the broker. Note I'm in UK! but its gotta be similar in Sta...

Is it possible for the IRS to put a lien on a mutual fund?

I would go with what the investment company is saying to you. But I do know that there isn't much that the irs can't put a lien on. They can lien bank accounts, so I would say they can li...

I am planning to study masters in accounting from australia. What are the job prospects post completion?

Getting a masters in accounting is a great idea. As far as what you need to become a chartered accountant, feel free to ask one of your professors when you start classes. It's different in ev...

Does anyone know anything about V-Lane Traffic?

Please check out this site first. ...

Choosing between MF Gowth vs Dividend Option?

Hi, You should invest in MFs for atleast 3 years.You can opt for Dividend only if you invest in Sector/Theme MFs. Becuase they do not perform well all the time.They have some cycles where as fo...

How a company will lose when its share price go down?

Actually when you buy stock you aren't buying it from the company you're buying it from another investor. The company only makes money when it sells off the stock initially (an initial pu...