How can I make journal entry for a corporation called H who is authorized to issue 100000 shares of $ 20 par common stock & 5000 shares of $ 100 par, 8 preferred stock. The following transactions affecting shareholders equity were completed during the 2009.1.Issued 10000 shares of common stock at par for cash. 2.Issued 5000 shares of common stock at $ 25/share. 3.Issued 1000 shares of preferred stock at for $ 120/per share. 4. Sold subscriptions to 10000 shares of common stock at $ 30/share. 40% subscription price is received as down payment. 5. Received the remaining 60% of the subscription price & issued a stock certificate. 6. purchased 1000 shares of Treasury stock at a cost of $ 24 per share. 7. sold 300 shares of Treasury stock at $ 26 per share. Required make the journal entry for the above transactions.

To make the journal entries for the transactions affecting shareholders' equity for corporation H, we will follow the given steps:

1. Issued 10,000 shares of common stock at par for cash.

Journal entry:
Cash 200,000
Common Stock 200,000

Explanation: This entry records the issuance of 10,000 shares of common stock at the par value of $20 per share. The total amount received is $200,000 ($20 x 10,000).

2. Issued 5,000 shares of common stock at $25/share.

Journal entry:
Cash 125,000
Common Stock 25,000
Additional Paid-in Capital 100,000

Explanation: This entry records the issuance of 5,000 shares of common stock at a price of $25 per share. The par value of $20 per share is recorded in the Common Stock account, while the excess over par value ($5 per share) is recorded in the Additional Paid-in Capital account.

3. Issued 1,000 shares of preferred stock at $120/share.

Journal entry:
Cash 120,000
Preferred Stock 80,000
Additional Paid-in Capital 40,000

Explanation: This entry records the issuance of 1,000 shares of preferred stock at a price of $120 per share. The par value of $100 per share is recorded in the Preferred Stock account, while the excess over par value ($20 per share) is recorded in the Additional Paid-in Capital account.

4. Sold subscriptions to 10,000 shares of common stock at $30/share. 40% subscription price is received as a down payment.

Journal entry:
Cash (40% x 10,000 x $30) 120,000
Subscriptions Receivable (60% x 10,000 x $30) 180,000
Common Stock Subscribed 300,000

Explanation: This entry records the receipt of down payment and subscription receivable related to the sale of 10,000 shares of common stock. The down payment received is 40% of the subscription price ($12,000 = 0.40 x 10,000 x $30), and the remaining 60% is recorded as a subscription receivable ($18,000 = 0.60 x 10,000 x $30). The total subscribed amount is recorded in the Common Stock Subscribed account.

5. Received the remaining 60% of the subscription price and issued a stock certificate.

Journal entry:
Subscriptions Receivable 180,000
Common Stock Subscribed 180,000

Explanation: This entry records the receipt of the remaining 60% of the subscription price ($18,000) and cancels the subscription receivable account. The Common Stock Subscribed account is reduced by the same amount.

6. Purchased 1,000 shares of Treasury stock at a cost of $24 per share.

Journal entry:
Treasury Stock 24,000
Cash 24,000

Explanation: This entry records the purchase of 1,000 shares of Treasury stock at a cost of $24 per share. The cost is debited to the Treasury Stock account, and cash is credited.

7. Sold 300 shares of Treasury stock at $26 per share.

Journal entry:
Cash 7,800
Treasury Stock 7,200
Additional Paid-in Capital 600

Explanation: This entry records the sale of 300 shares of Treasury stock at a price of $26 per share. The cost of the Treasury stock sold ($7,200 = 300 x $24) is debited to the Treasury Stock account, the cash received ($7,800 = 300 x $26) is credited, and the difference ($600 = $7,800 - $7,200) is recorded as Additional Paid-in Capital.

These are the journal entries for the given transactions affecting shareholders' equity for corporation H.

To make the journal entry for each transaction, you need to identify the accounts involved and the impact on each account. Here are the journal entries for the transactions provided:

1. Issued 10,000 shares of common stock at par for cash.
- Debit: Cash (10,000 shares x $20 par value)
- Credit: Common Stock (10,000 shares x $20 par value)

2. Issued 5,000 shares of common stock at $25/share.
- Debit: Cash (5,000 shares x $25/share)
- Credit: Common Stock (5,000 shares x $20 par value)
- Credit: Additional Paid-in Capital (5,000 shares x $5/share excess)

3. Issued 1,000 shares of preferred stock at $120/share.
- Debit: Cash (1,000 shares x $120/share)
- Credit: Preferred Stock (1,000 shares x $100 par value)
- Credit: Additional Paid-in Capital (1,000 shares x $20/share excess)

4. Sold subscriptions to 10,000 shares of common stock at $30/share. 40% subscription price is received as a down payment.
- Debit: Cash (4,000 shares x $30/share x 40%)
- Credit: Subscription Receivable (4,000 shares x $30/share x 60% outstanding balance)
- Credit: Common Stock Subscribed (4,000 shares x $20 par value x 100%)

5. Received the remaining 60% of the subscription price & issued a stock certificate.
- Debit: Subscription Receivable (4,000 shares x $30/share x 60% remaining balance)
- Credit: Common Stock Subscribed (4,000 shares x $20 par value x 100%)

6. Purchased 1,000 shares of Treasury stock at a cost of $24 per share.
- Debit: Treasury Stock (1,000 shares x $24/share)
- Credit: Cash (1,000 shares x $24/share)

7. Sold 300 shares of Treasury stock at $26 per share.
- Debit: Cash (300 shares x $26/share)
- Credit: Treasury Stock (300 shares x $24/share)
- Credit: Additional Paid-in Capital from Treasury Stock (300 shares x $26/share - $24/share cost)

Remember to consult with an accountant or financial professional for specific accounting guidance.