Form with which a corporation may resolve to issue additional Capital Stock in the corporation.
Issue Stock For Cash Journal Entry
State:
Multi-State
Control #:
US-0040-CR
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Issue Capital Stock - Resolution Form - Corporate Resolutions?
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FAQ
No, common stock is neither an asset nor a liability. Common stock is an equity.
Issued shares are those that the owners have decided to sell in exchange for cash, which may be less than the number of shares actually authorized. Shares issued generate the assets or other value given for founding a company or growing it later on.
Upon issuance, common stock is recorded at par value with any amount received above that figure reported in an account such as capital in excess of par value. If issued for an asset or service instead of cash, the recording is based on the fair value of the shares given up.
A company issues common stock to raise money, so the debit will always be to cash. There will always be a credit to common stock for the # of shares issued x the par value. Additional paid-in capital (APIC) is the plug.
When a company issues common stock for cash, it affects the assets and stockholders' equity accounts. Issue of common stock results in an increase in cash, and cash is an asset. It also increases the stockholders' equity as common stock is considered the equity of the company.