LESSON 11-2 Stock Subscriptions and the Balance Sheet

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Presentation transcript:

LESSON 11-2 Stock Subscriptions and the Balance Sheet 2/22/2019 LESSON 11-2 Stock Subscriptions and the Balance Sheet RED

JOURNALIZING A STOCK SUBSCRIPTION page 324 2 3 1 4 5 6 1. Write the date. 2. Enter the account debited. 3. Record memorandum number. 4. Enter debit amount. 5. Enter the account credited. 6. Enter credit amount. LESSON 11-2

BALANCE SHEET OF A NEWLY FORMED CORPORATION page 325 1 2 1. List intangible assets as the last category of assets. 2. List sources of paid-in capital. LESSON 11-2

JOURNALIZING CASH RECEIVED FOR A STOCK SUBSCRIPTION page 326 LESSON 11-2

JOURNALIZING ISSUANCE OF STOCK PREVIOUSLY SUBSCRIBED page 326 LESSON 11-2

TERMS REVIEW subscribing for capital stock intangible assets page 327 LESSON 11-2 2/22/2019 TERMS REVIEW page 327 subscribing for capital stock intangible assets LESSON 11-2 RED