Preferred Stock Journal Entries

The preferred stock journal entries below act as a quick reference, and set out the most commonly encountered situations when dealing with the double entry posting of preferred stock transactions.

In each case the term deposit journal entries show the debit and credit account together with a brief narrative. For a fuller explanation of journal entries, view our examples section.

Typical Preferred Stock Journal Entries


Issue of preferred stock
Account Debit Credit
Cash XXX
Preferred stock XXX
APIC – Preferred stock XXX

APIC = Additional Paid in Capital


Dividend declared on preferred stock
Account Debit Credit
Preferred stock dividend XXX
Dividend payable XXX

Dividend paid on preferred stock
Account Debit Credit
Dividend payable XXX
Cash XXX

Conversion of preferred stock
Account Debit Credit
Preferred stock XXX
APIC – Preferred stock XXX
Common stock XXX
APIC – Common stock XXX

Calling of preferred stock
Account Debit Credit
Preferred stock XXX
APIC – Preferred stock XXX
Retained earnings XXX
Cash XXX

Redemption of preferred stock
Account Debit Credit
Preferred stock XXX
APIC – Preferred stock XXX
Retained earnings XXX
Cash XXX
Preferred Stock Journal Entries November 6th, 2016Team

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