Question

I need journal entry examples of the following:

Issuance of stock in exchange for cash

Issuance of stock in exchange for noncash asset

Declaration of cash dividend

Payment of cash dividend

Declaration and payment of stock dividend

Purchase of Treasury Stock

Reissuance of Treasury Stock

Answer 1

	Transactions	Journal Entry	Debit	Credit
a.	Issuance of stock in exchange for cash	Cash	xxx
		Common Stock		xxx
b.	Issuance of stock in exchange for noncash asset	Assets	xxx
		Common Stock		xxx
c.	Declaration of cash dividend	Retained Earnings	xxx
		Dividend Payable		xxx
d.	Payment of cash dividend	Dividend Payable	xxx
		Cash		xxx
e.	Declaration and payment of stock dividend	Retained Earnings	xxx
		Stock Dividend Payable		xxxx
		Stock Dividend Payable	xxx
		Common Stock		xxx
f.	Purchase of Treasury Stock	Treasury Stock	xxx
		Cash		xxx
g.	Reissuance of Treasury Stock	Cash	xxx
		Treasury Stock		xxx