Stock is entered just as cash or checks, except that you use the "How Given" of Stock.
You will need:
| A Broker Asset Account (e.g., Merrill Lynch Broker Acct) and |
| a "Stock at Broker" Fund (e.g., Stock at Merrill Lynch). |
| Finally, you will need an income account such as "Stock for General Operations" or "Stock for Building Fund". |
The value of the stock should be recorded as the value as of the day of receipt, regardless of whether the value goes up or down while you are turning the stock over to your broker.
When you sell the stock, you will need an income account such as "Profit or Loss - Sale of Stock" to account for the difference between the original value and the value at time of sale.
If the broker sends you a check, you will need Income accounts such as "XFR to Broker" and "XFR to Building Fund" to account for the transfer as described in the Deposits/Withdrawals to/from Funds topic.