Recording the issuance of capital stock


Response to the following problem:

Air France-KLM reports the following equity information for its fiscal year ended March 31, 2009 (euros in millions). Prepare its journal entry, using its account titles, to record the issuance of capital stock assuming that its entire par value stock was issued on March 31, 2009, for cash.

March 31 2009

Issued capital . . . . . . . . . . . . . . . . . . €2,552

Additional paid-in capital . . . . . . . . 765

 

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Financial Accounting: Recording the issuance of capital stock
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