Question

journal entry of when the shares will over subscribe?​

Answer 1

Answer:

Stock issuances

Debit Cash or other item received (shares issued x price paid per share) or market value of item received

Credit Common (or Preferred) Stock (shares issued x PAR value)

Credit Paid in capital in excess of par value, common (or preferred) stock (difference between value received and par value of stock)

Answer 2

Explanation:

Debit Cash or other item received (shares issued x price paid per share) or market value of item received

Credit Common (or Preferred) Stock (shares issued x PAR value)

Credit Paid in capital in excess of par value, common (or preferred) stock (difference between value received and par value of