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What is the journal entry for issuing 1000000 shares of 1 par common stock in exchange for legal services?

Updated: 9/20/2023

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∙ 10y ago

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[Debit] Legal Services expenses 1000000

[Credit] Share capital account 1000000

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Continue Learning about Accounting

What are the journal entries for issuing 45000 shares of common stock in exchange for land and building?

debit land and building 45000credit shares in share capital 45000

Journal entry for Issuing Par Value Common Stock to another company?

[Debit] Cash / bank [Credit] share capital

Whats is the Journal entery for costs of issuing stock?

Debit Capital stock xx Credit Cash xx Generally you would offset costs of issuing common or preferred stock against the similar equity account.

What is journal entry for received cash for services?

[Debit] Cash / bank [Credit] Services revenue

What Journal entry for services performed but not received cash?

debit accounts receivablecredit services revenue

Related questions

What are the journal entries for issuing 45000 shares of common stock in exchange for land and building?

debit land and building 45000credit shares in share capital 45000

The journal in which invoices for services provided are recorded is the?

cash receipts journal

Journal entry for Issuing Par Value Common Stock to another company?

[Debit] Cash / bank [Credit] share capital

Whats is the Journal entery for costs of issuing stock?

Debit Capital stock xx Credit Cash xx Generally you would offset costs of issuing common or preferred stock against the similar equity account.

What is journal entry for received cash for services?

[Debit] Cash / bank [Credit] Services revenue

What Journal entry for services performed but not received cash?

debit accounts receivablecredit services revenue

Apart from online where can New York Stock Exchange quotes be found?

New York Stock Exchange quotes can be found in newspapers such as The Wall Street Journal. You can learn more about The Wall Street Journal at the WSJ website.

Where are services performed for cash should be recorded?

Revenue journal

Services performed for cash should be recorded in the?

Revenue Journal

What is a journal entry to buy equipment with common stock?

Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank

How do you treat journal entry for website services fee paid?

debit website services expensecredit cash / bank

How are services paid months in advance for services rendered recorded in a journal?

[Debit] Advance expenses [Credit] Cash / bank

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