请教:公司要从其中一个股东手里 common share buy back,账面价值是$100,公司以$5,000买回,要怎么记double entry to record $4,900? Dr. Common Share Class A $100.00, Dr. ??? $4,900 Cr. Bank $5,000。谢谢
-fengyeca(aaa);
2015-4-8(#83906@41)+1
It is an equity transaction. Record as follows:If there is balance in contributed surplus, wash it out completely, any residual value from $4900 is recorded as a deduction to retained earnings.
For example, if contributed surplus has $3,000 balance.
Dr. Common share 100
Dr. Contributed Surplus 3000
Dr. Retained earnings 1900
Cr. Cash 5000
-highergoal(highergoal);
2015-4-8{302}(#83908@41)