Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

General journal 18

Accounting shares general journal entries 18

QuestionAnswer
Shares sold for cash Dr Bank Cr Contributed equity
Costs of producing a prospectus for a public share Dr Contributed equity Dr GST Cr Bank
Share issue to public (number of shares x share price) Dr Bank Cr Contributed equity
costs of producing a prospectus for a share issue through a share broker Dr Contributed equity Dr GST Cr Bank
Shares issue through a broker (amount less brokerage fee) Dr Bank Cr Contributed equity
payment of provisional tax Dr Taxation Payable Cr Provisional tax paid
Closing entry for provisional tax Dr Taxation Payable Cr Provisional tax paid
To record the taxation expense Dr Taxation expense Cr Taxation payable
Payment of interim dividend Dr interim dividend Cr Bank
Payment of final dividend Dr Final dividend Cr Bank
Close interim & Final dividend Dr Retained earnings Cr Interim dividend Cr FInal dividend
Increase in share value Dr Financial asset Cr Increase in fair value of financial assets
Decrease in share value Dr Decrease in fair value of financial assets Cr Financial asset
Shares repurchase: share repurchased for more than the original issue price Dr Contributed equity Cr Retained earnings Cr Bank
Upwards revaluation of land Dr Land Cr Land revaluation surplus
Downwards revaluation of buildings (3 Steps) Step 1: record depreciation from last balance date to valuation date Dr Depreciation -buildings Cr Accumulated depreciation -buildings
Downwards revaluation of buildings Step 2: close of accumulated depreciation Dr Accumulated depreciation -buildings Cr Buildings
Downwards revaluation of buildings Step 3: record the increase Dr Buildings Cr Buildings revaluation surplus
Created by: Lexie1112
Popular Accounting sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards