Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How do i calculate Paid in capital common and retained earnings when stock is sold below value. I know when i journal its a debit
How do i calculate Paid in capital common and retained earnings when stock is sold below value.
I know when i journal its
a debit to cash a debit to paid in capital treasury stock, a debit to retained earnings and a credit to treasury stock common. I just can't fiure out how to calculate how much goes to retained earings and how much goes to paid in capital treasury stock. please help.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started