Technology Slice

Netflix Executive Selling Shares

Netflix Executive Selling Shares – Something worth watching on Netflix: executive stock sales. In recent months, as Netflix stock nearly doubled to around $100, finance chief Barry McCarthy sharply increased his stock sales, according to Gradient Analytics. Filings show that using a prearranged trading plan, he cashed in about 188,000 options in the first quarter—exercisable [...]

Tags: Barry Mccarthy, Conference Call, Discordant Note, Earnings Conference, Finance Chief, First Quarter, Fourth Quarter, Gradient Analytics, Mr Mccarthy, netflix, Rally, S Sales, Selling Shares, Stock Sales, Targets, Willingness
Posted in Internet

Open Question: How do I do journal entry for stock sales for small c-corp business?

Started a small c-corp almost a year ago but unfortunately didn’t start proper bookkeeping. Trying to get it right now. We aren’t redoing a year’s worth of banking transactions and instead we are starting with our opening balance from January 1, 2010.

When we launched on Mar 3, 2009 we issued 200 no-par stock shares. How should that be journaled?

We sold 100 of those shares for $100/share to the two primary shareholders. How do we journal that?

Thanks!

Tags: Bookkeeping, C Corp, January 1, Open Question, Par, Shareholders, Stock Sales, Stock Shares
Posted in Money