1 Flashcards
the entries under cost method
Issue the treasury
Dr treasury stock
Cr Cash
2- Reissue ( Resold)above the cost
Dr cash
Cr treasury stock
Cr APIC
3- Reissue ( resold) under cost
Dr cash
DR APIC
Cr treasury stock
the entries underPar method
DR treasury stock
DR APIC
DR RE
resold either above or under the par
Dr Cash
Cr treasury stock
CR APIC
issue the common stock
Cr cash
Dr APIC
DR common stock
for issue the scrip stock
Dr cash
DR scrip receivable
Cr common stock
Cr APIC
for the collection
Dr Cash
CR scrip receivable
entry for the dividend
Dr RE
CR G/L
Cr asset ( carrying value)
liquidation dividend
DR RE
DR APIC
Cr cash or dividend payable
stock dividend small
Dr RE
CR common stock
Cr APIC
stock dividend large
DR RE
Cr common stock
preferred with datchable
Dr cash
Dr APIC warranty
Cr preferred
Cr APIC preferred
preferred conversion
Dr preferred
Dr APIC
Cr common
Cr APIC
to appropriate retained earning
DR RE
Cr RE appropriated for
if you need to avoid it reverse the entry
statement of RE
Beg. RE \+- prior period adjustment \+ NI - dividend - appropriation \+ appropriation eliminated \+_ correction of error = RE ending
SAR ( Stock option appreciation right calculation of the liability
stock price - amount specified in stock appreciation right = amount per share * # of stock = total L * portion of service period elapse = L
Dr compensation expenses
Cr Liability SAR
to record stock option for compensation
Dr compensation expense Cr APIC ( stock option)
for exercise the option
Dr cash
Dr APIC ( stock option)
Cr common stock
Cr APIC ( plug)
