Chart of accounts-which accounts for these?

Assuming the dollar amounts paid on behalf of each shareholder are in the same ratio as their stock ownership then the payments can be charged to the "Distributions" account for each shareholder.

Distributions being an equity account, I assume? What to do with ever-increasing negative balance on it then? Should it be periodically zeroed out by debiting Retained Earnings or any other equity account?

I have the same questions as the original poster. Would like some real answers.

Thanks in advance!

Yes

Yes

On the first day of each new year they get journalized out to AAA.

Sorry I thought I gave a real answer, I'll try and give you one more to your liking:

The answer is yes, you are good looking.

Thanks for reply!

Thanks! That is useful info for me.

WTF? Sorry, I should have said: "Would like some useful, complete answers." Your answer was definitely "real", however too brief in order to be of any use, since it did not contain any info about how to manage such an account within the accounting system. Now you cleared it out for me. (The closing to AAA.) Thank you!

I appreciate your accounting-related input! However, I see that you got some serious personality problems if you get offended to the point that you need to make an idiodic sarcastic remark like that. (If my comments offend you to that degree, why even bother providing answers to my questions?)

Why would you think I was offended? If I was brief its because you get what you paid for.