Thursday, December 8, 2011

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?|||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

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