What effect does a debit and a credit do to common stock? Does a debit decrease common stock or does it increa and Pullip Xiao Fan stock outfit

What effect does a debit and a credit do to common stock? Does a debit decrease common stock or does it increa

What effect does a debit and a credit do to common stock? Does a debit decrease common stock or does it increase common stock?


Stock best answer:

Answer by MikeeyMan
A credit to common stock increases the common stock... Same as retained earnings.

If the company sold more common stock, the transaction would be..

Debit cash XXX
Credit common stock XXX

Stock

Pullip Xiao Fan stock outfit


Image by NectarineFire
Xiao Fan's stock includes:

-flower hair-clip
-tunic
-trousers
-skirt
-fishnet tights
-shoes
-collector's card
-glittery purple stand

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Orignal From: What effect does a debit and a credit do to common stock? Does a debit decrease common stock or does it increa and Pullip Xiao Fan stock outfit