What effect does a debit and a credit do to common stock? Does a debit decrease common stock or does it increa and A60 Stock 5000 leaving Northwood

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

A60 Stock 5000 leaving Northwood


Image by κύριαsity
Train No. 717, 11 April 2012
A60 Stock Car 5000 is towed by road for scrap.

"Car 5000, is pictured on Green Lane, Northwood, after leaving Northwood station, just before it became self-aware and broke loose, causing damage to surrounding vehicles. The photographer was not hurt.

The true whereabouts of 5000 is not known at present, although reports suggest that Car 5000 was spotted on a cargo flight bound for Athens at Heathrow Airport Terminal 4. If it is true then Car 5000 is probably heading for its retirement at Navagio Beach, but one thing is for certain - it will not carry any more customers on London Underground."

--Antje.

Photo modified to remove graffiti.

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