The correct Journal entry needed to record the issue of 200,000 $1 shares at a premium of 30p, and paid for by cheque, in full, would be A DEBIT share capital account $200,000 CREDIT share premium account $60,000 CREDIT bank account $140,000 B DEBIT bank account $260,000 CREDIT share capital account $200,000 CREDIT share premium account $60,000 C DEBIT share capital account $200,000 CREDIT share premium account $60,000 CREDIT bank account $260,000 D DEBIT bank account $200,000 DEBIT share premium account $60,000 CREDIT share capital account $260,000

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.