Investment Portfolio Question: Capital Raising/SPP

[David Carlson]

On 1/3/2014 6:09 AM, PeterO wrote:
> Have an accounting question for the experts.
>
> Company X decided to raise capital through a share offer. It goes as
> follows:
>
> 1. I send $1000 to them on day 1
> 2. They allocate number of shares totalling say $500, this happens a week
> later
> 3. Another week later I get a refund of $500
>
> Bank statement shows two transactions one out, one in, plus trading
> settlement that refers to $500. While the books balance, I am not sure how
> to treat the two transfers.
>
> Cheers,
> Peter
>
>
>
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If you already have a brokerage account of bank type to hold your shares
in, just transfer the cash in and out of that account.  If this is your
first time around investments check out the manuals for suggested
account trees and how to enter transactions.

David C