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

You May Also Like


Related pages


formula gearing ratiogive journal entry for provisionpresent value of a perpetuity calculatormirr calculatorbep analysis formuladiscount allowed income statementdeferred tax in cash flow statementformula for growing perpetuityprintable blank spreadsheet templatescalculate gross margin percentage formulawhat does sundry expenses meanassets liability equityretained incomedefine double entry bookkeepingdefinition of accrued incomebookkeeping definition in accountingbank reconciliation statement meaning examplesretained earning accountprepaid expense schedule templatedefinition cashiers checkprepaid insurance journal entry adjustmentscreditor meaning in accountingan accounts receivable ledger iscapital lease journal entries lessoraccrued expenses vs accounts payablerearrange formula calculatorhalf year rule depreciationcalculate the asset turnover ratiofuture value annuity chartvertical analysis accountingpercent of markup calculatorreceipt book template excelannual amortization formulaexplain petty cashformula for receivable turnoverdiscount calculator formulaaccounting ledger templatewhat is bills payable and receivableamortization spreadsheethorizontal analysis in accountingsalaries expense debit or creditaccounts receivable and accounts payable meaningsales ledger templatepayment received in advance journal entryimputed interest calculation exampleconsignment journal entriesaccounting entries for income taxspreadsheet for bookkeepingasset register sampleannuity due calculatorcalculating depreciation expense straight-line methodaccounting principles quizexample of tally entryavailable for sale securities journal entriesmargin formula calculatoraccount receivable flowchartperpetual cash flowpetty cash spreadsheetperiodic vs perpetual inventoryhow to calculate accounts payableannuity due equationfinancial tables present and future value tablesdelivery term fobwhat is difference between account payable and bills payablebookkeeper dictionaryproveit test samplenet profit turnover ratio formulabasic bookkeeping test questionschart of accounts templatesfifo calculationoperating asset turnover ratiohow to solve bank reconciliation statementfactoring with recoursewhat is freight out in accountingpayback calculation formulaaccrued expenses definitionweighted average unit cost formulafifo examples