Likewise, we need to make the journal entry for issuing the common stock in order to account for the increase in the capital section of the equity on the balance sheet. The cash sale of stock depends on the par value, or the capital per stock share. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The common stock row shows the total par value of the stock that is sold. For example if ABC Advertising decides to repurchase 900 shares of its common stock at $10 per share, the entry may look like the following: A $9,000 credit is reported to the cash account, as the company has paid back some of the cash that it has received from investors, while $9,000 is debited to the treasury stock account. This means that the stock is issued without assigning a stated value. In this case, the company ABC can and may make the journal entry for repurchase and retirement of common stock on January 31 as below: In this journal entry, there is no treasury stock as in the first example as the company ABC repurchases the common stock in order to retire them immediately. Well look at two examples under the buy-back. When a company such as Big City Dwellers issues 5,000 shares of its $1 par value common stock at par for cash, that means the company will receive $5,000 (5,000 shares $1 per share). In this case, the journal entry for issuing the common stock below the par value will change to the debit of the cash account and the retained earnings account and the credit of the common stock account as below instead. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinguide_com-leader-1','ezslot_6',144,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-leader-1-0');In this case, we will record the land in the balance sheet as $50,000 ($10,000 x 5,000 shares) even though the land was put on sale for a different price (e.i. The most common example of common stock being sold by a company is for the exchange of cash. Treasury stock is a contra account to the capital account (e.g. The par value plus the additional-paid in capital amount should always equal the debit to the cash account. an increase in the companys capital. Convertible bond is a type of bond which allows the holder to convert to common stock. And the acquired plot of land has an asking price of $60,000. With this in mind, we have the following facts: Over July, ABC received 20 applications for the 10,000 class A share bundles. Thus, the journal entry for issuing common stock for noncash assets is as follows:if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinghub_online_com-leader-2','ezslot_13',160,'0','0'])};__ez_fad_position('div-gpt-ad-accountinghub_online_com-leader-2-0');AccountDrCrLand$150,000Common Stock, $10 Par Value$100,000Capital Contribution in Excess of Par Value, Common Stock$50,000(Issued 10,000 shares of $10 par value of commons stock in exchange for land with market value of $150,000). Additionally, as the treasury stock is recorded at the cost of purchase, there is no par value involved like the transaction of issuing of common stock either. A stock dividend is considered a small stock dividend if the number of shares being issued is less than 25%. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'accountinguide_com-medrectangle-3','ezslot_2',140,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-medrectangle-3-0');The sale transaction of the common stock will result in the increase of total assets in form of cash inflow and the increase in total equity as the number of issued stock will increase together with the amount of additional paid-in capital (if any). So we now have to prepare two journal entries which well combine into one. However, these 10,000 shares of the common stock have a par value of $10 per share. An example of data being processed may be a unique identifier stored in a cookie. Manage Settings And to balance the accounting equation, we see the removal of the treasury stock from the asset side. In every journal entry that is recorded, the debits and credits must be equal to ensure that the accounting equation (Assets = Liabilities + Shareholders' Equity) remains in balance. Entry #2 Paul finds a nice retail storefront in the local mall and signs a lease for $500 a month. For example, a cash receipt of $8 per share for common stock of $10 par value. This means the shares were sold for $15 each. The consent submitted will only be used for data processing originating from this website. And of course, the difference here is the result of the market value being lower than the par value, not the other way around. The par value of a stock is shown on the front of the certificate, and in many cases the par value of a stock is set at $0.01 per share, or not may have no par value at all. The deficit of $2 per share ($8 minus $10) is called a discount on common stock. However, the way of decreasing equity is not by reducing the common stock in the equity section, but by adding a contra account which is treasury stock as a result of the repurchase of common stock. Selling common stock for cash is the most common scenario. It is useful to note that in many jurisdictions, issuing the common stock below par value is not allowed and is considered illegal. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The journal entry for issuing the common stock for cash will increase both total assets and total equity on the balance sheet. We and our partners share information on your use of this website to help improve your experience. As the balance of the equity increases when the company issues the common stock, repurchasing it back will logically decrease the equity on the balance sheet. What is the journal entry for repurchase of common stock on January 31? The legal capital in this example would then be equal to$ 250,000. From an accounting point of view, the actual par value matters little until we get to an issue price that is different to the par value. However, the common stock is usually sold at a price that is higher than its par value or stated value. If then splits this across the Class A Share Capital account, being the allotted money. This is equivalent to it owning shares in another company. First, the company will need to debit the cash account for the amount of the purchase and credit the . Continue with Recommended Cookies. However, the sole owner of XYZ Ltd (well call him Kevin), in his retirement, would like to invest some of his money into ABC Ltd and enjoy continued involvement in the local industry and a passive dividend income stream. The issuance of the shares is recorded similarly to the common stock journal entry: From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, The Millionaire Next Door Speed Summary (3 Minutes), 50 Best Passive Income Ideas that Deliver, 50 Most Profitable Recession Proof Businesses, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. No shares have been sold, this is just how many they CAN sell. The second debit entry is toAdditional Paid-in Capital, which is the premium Kevin paid when he exchanged the equipment for the ABC shares. For another example, assuming that the company ABC above pays only $40,000 for the repurchase of 10,000 shares of the common stock on January 31. The excess of $2 ($12 minus $10) is called a premium or capital contribution in excess of par value. However, in this example, ABC and Kevin agree on a price of $18 per share (Kevin was well pleased). While issuing the common stock for the cash asset and the non-cash asset will increase the total assets for the impact on the balance sheet, the issuance of the common stock for service will increase the total expenses on the income statement instead. The journal entry to record this sale of the treasury shares at cost is: If the treasury stock is resold at a price higher than its original purchase price, the company debits the Cash account for the amount of cash proceeds, reduces the Treasury Stock account with . Example of issuing common stock for cash For example, on January 1, as a corporation, we issue 10,000 shares of the common stock for $100,000. For example, a cash receipt of $12 per share for common stock of $10 par value. Cost Method The cost method is the most used method to account for the repurchase of shares. For example, on January 31, the company ABC repurchase 10,000 shares of its common stock from the market. When par value stock is issued at a premium, the assets received both cash or noncash assets are higher than the value of the common stock. There are different requirements for shares exchanged privately compared to when shares are traded publicly on exchanges, like the New York Stock Exchange or the London Stock Exchange. In this case, the debit side of the journal entry will be the expense amounting to the cost or the fair value of the service that needs to be charged to the income statement instead. It also increases the common stock by $ 1,000 which is the total par value of all issuance stock. Continue with Recommended Cookies. In this journal entry, the credit of the common stock is the entire proceeds we receive from issuing of the common stock. Likewise, the company can make the journal entry for retirement of common stock by debiting the common stock account and the additional paid-in capital account and crediting the treasury stock account to remove them from the balance sheet. In the previous article, we covered the cost of comm stock equity calculation. For example, on January 1, as a corporation, we issue 10,000 shares of the common stock for $100,000. Common stock is a type of stock that gives the right to the common stockholders to have an equal right to vote at the meeting and receive the same dividend. As you saw in the video, stock can be issued for cash or for other assets. The company needs to record cash consideration and reverse the treasury stock. This occurs when the board of directors of a company repurchases stock to reduce the amount of available stock on the market, and this stock is known as treasury stock. Retirement of common stock paying more to repurchase: Alternatively, if the company pays less than the amount it had received from issuing the stock, it can record the difference as a credit to the additional paid-in capital from stock retirement as in the journal entry below: Retirement of common stock paying less to repurchase: Sometimes, the company may decide to retire the common stock immediately after buying them back. these journal entries are called simple journal entries. When issuing capital stock for property or services, companies must determine the dollar amount of the exchange. And that would be it. Additionally, the supplies of the companys shares on the market are also reduced as a result of the retirement. There is also an entry for additional paid-in capital, which is a credit for the amounts in excess of the par value that investors paid for the stock. The accounting for each type of transaction is different. And in the last example, we will look at is a company buying back its own stock. However, if the share price is not available on the market, the cost of the non-cash asset will be used instead. This was $5 per share x 100,000 shares = $500,000. The first example we will go through is the sale of common stock by ABC Ltd for cash. Common Stock Journal Example In the following example, ABC Advertising sells 10,000 shares of its common stock at $10 per share. The land had amarket value of$14,000. The American company issued 5,000 shares of its $5 par value common stock at $8 per share. And the originally issued common stock was still $5 per share with the par value of $1 per share. Each share of common or preferred capital stock either has a par value or lacks one. Common stock forms part of the equity section of a company or sometimes referred to as the capital of a company. Therefore, the amount that a corporation received, both cash or non-cash assets, becomes the legal capital; hence such amount is recorded entirely as common stock. When issuing at discount, the company is putting its creditors at risk of not being able to repay the debts to creditors. Journal Entries to Issue Stock Stock issuances Each share of common or preferred capital stock either has a par value or lacks one. But no one shareholder allowed an allocation of more than one bundle. Assuming that the company XYZ still has a $100,000 outstanding balance of the additional paid-in capital account on the balance sheet before the issuance of these 10,000 shares of common stock. There are three types of transactions you will need to know when preparing a journal entry for common stock. However, this is rarely the case as the company usually pays more to repurchase the stock back from the market. Any amounts received in excess of the stated value per share represent a part of the paid-in capital of the corporation and the company credits them to Paid-In Capital in Excess of Stated Value. Issuing common stock below par value without additional paid-in capital: if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinguide_com-large-mobile-banner-2','ezslot_12',155,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-large-mobile-banner-2-0');This journal entry will reduce the balance of the retained earnings by the different amount of market value and the par value of the common stock. Every company has different financing and tax considerations and will tailor its package of features to match those issues. Transaction 1: On January 3, 2019, issues $20,000 shares of common stock for cash. When a corporation issues par value of the common stock, it can be issued at par, at a premium, or a discount. We are not going to get into them here, but there are a number of different International Financial Reporting Standards (IFRS) that govern how shares should be presented in a reporting entitys financial statements. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'financialmemos_com-leader-1','ezslot_1',121,'0','0'])};__ez_fad_position('div-gpt-ad-financialmemos_com-leader-1-0');The last example we will look at in the journal entry for the issue of common stock is company share buy-backs. For instance, if the companys par value of a stock is at $8 per share, but the price of the stock falls to $4 per share, the shareholders are liable for $4 per share if the stocks are redeemed at their par value. Selling the common stock is one of the funding sources that the company may use to operate or expend the business. Of course, when the company decides to retire the repurchased shares of common stock later, the number of shares on the market, as well as the balance of the common stock and its related item on the balance sheet, will decrease accordingly. After buying back Kevins shares, ABC decides to retire the shares on July 31. At its most basic, common stock is a financial instrument representing a share of ownership in a company. Accounting and Journal Entry for Closing Stock Closing Stock Goods that remain unsold at the end of an accounting period are known as closing stock. . In this case, when we issue the common stock, we will need to record the entire amount of cash received to the common stock account without additional paid-in capital involved. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,600],'accountinghub_online_com-box-4','ezslot_0',154,'0','0'])};__ez_fad_position('div-gpt-ad-accountinghub_online_com-box-4-0');When a corporation issues common stock at par value, the amount of cash or non-cash assets received equal to the value of the common stock. Likewise, if the company pays more than the amount it had received from issuing the stock, it needs to record the difference as a debit to the retained earnings account when it makes the journal entry for the retirement of common stock. Typically, shares have a par value of $0.01 or $1.00 etc., normally a round figure. common stock) in the equity section of the balance sheet. Paying more to repurchase and retire immediately, Paying less to repurchase and retire immediately. Also, this is journal entry is assumed that the company pays the same amount as the amount received from issuing the stock. The debit to the allotment account creates monies that are now due to ABC Ltd. In my current career as an airline pilot, its the same with aircraft; if you dont like aircraft, you shouldnt be a pilot. Journal Entry required: Company B will receive $300 in cash (3.00 x 100 shares). This may include issuing common stock for the non-cash asset or issuing the stock in exchange for the service. the purchase of the equipment takes place on June 30, along with the allocation of shares; Kevin is to receive 100,000 class A shares with a par value of $1, and; the total value of the exchange is $1,500,000, no exchange of cash is involved. As mentioned, we may issue the common stock in exchange for the non-cash asset, such as land, building or equipment, etc. The actual capital contributed by stockholders is $250,000. This usually happens when the company repurchases the common stock with the intention to retire them immediately. In this case, we can make the journal entry for issuing the common stock for the service by debiting the $8,000 to the formation expense account and crediting the $1,000 to the common stock account and the $7,000 to the additional paid-in capital account as below: In this journal entry, the fair value of the service received which is $8,000 is used as a measurement of the cost in the exchanging transaction since the market value of the common stock is not available at the time of exchange yet. Manage Settings Issuance of common stock at price higher than par value It cant do as it wishes with this money at the moment. To illustrate, assume that the owners of a tract of land deeded it to a corporation in exchange for 1,000 shares of $12 par value common stock. This is due to, in many jurisdictions, issuing the common stock at the price below the par value is prohibited; hence, the par value of the common stock that is printed on the paper stock certificate is usually a very small figure.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinguide_com-medrectangle-4','ezslot_2',141,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-medrectangle-4-0'); In this case, the journal entry for issuing the common stock will contain the additional paid-in capital account, in which it represents the difference between the market value of the common stock and its par value. Typical Common Stock Features Possible Preferred Stock Features A comparative review of the preceding tables reveals a broad range of potential attributes. This contrasts with issuing par value shares or shares with a stated value. Once the Board approves the transaction and the paperwork is complete, the ABC accounts team would prepare the following journal entry. The sale is recorded as follows: You have par values, share premiums, applications, allotments, calls and all sorts of things that can go on. In this case, we can make the journal entry for issuing the commons stock for the non-cash asset by debiting the non-cash asset account and crediting the common stock account and the additional paid-in capital account. The prospectus stated that on allotment of shares, the shareholder would have 30 days to deposit the required 50 per cent of the share price. Common stockholders in a company usually receive returns on their investment in the form of dividends, they usually receive a portion of the assets at the time of sale, and have significant decision making power in the company such as the ability to vote on the board of directors. Shares with a par value of $5 have traded (sold) in the market for more than$600, and many $100 par value preferred stocks have traded for considerably less than par. However, the common stock is usually sold at a price that is higher than its par value or stated value. The allotment account is an asset for ABC. Low par values of$10 or less are common in our economy. The $5,000 of the common stock account in the journal entry comes from the 5,000 shares multiplying with the $1 per share of the par value. First; lets understand what is common stock? So there is a complication to deal with, but with our comprehensive guide, preparing a journal entry for issue of common stock is very straightforward. Accounting for common stock is very critical ranging from the date of issue of common stock to dividend declared and paid. Below is the journal entry for issuance of common stock at a premium: The contributed capital in excess of par value of $100,000 is added and presented in the equity section of Balance Sheet.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinghub_online_com-large-leaderboard-2','ezslot_4',156,'0','0'])};__ez_fad_position('div-gpt-ad-accountinghub_online_com-large-leaderboard-2-0'); When par value stock is issued at a discount, the assets received both cash or noncash assets is lower than the value of the common stock. This means we have additional paid-in capital of $1,400,000. January 1, 2019 - After a year of . And one reason for this is often these types of transactions dont involve the application, allotment and call process that you would see in an offering of shares for cash. $4,000. When a company issues just one type of stock it is called common stock, and it includes the equity shares that the owners of a company receive. Top 10 Best ERP Systems for Manufacturing Businesses [Including Key Features, Pros & Cons], Top 10 Best ERP Education Systems Key Features, Pros & Cons, and More, 10 Best Accounting Software for Small Businesses, (Issued 50,000 shares of $10 par value of commons stock at par), Contributed Capital in Excess of Par Value, Common Stock, (Issued 50,000 shares of $10 par value of commons stock at $12 per share), (Issued1,000 shares of $10 par value of commons stock at $8 per share), (Issued 1,000 shares of no par value of commons stock at $50 per share), Capital Contribution in Excess of Stated Value, Common Stock, (Issued1,000 shares of $50 stated value of commons stock at $60 per share), Capital Contribution in Excess of Par Value, Common Stock, (Issued 10,000 shares of $10 par value of commons stock in exchange for land with market value of $150,000). However, if the fair value of the shares of the common stock giving up cannot be determined, the fair value of the service expense will be used instead.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinguide_com-narrow-sky-2','ezslot_19',147,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-narrow-sky-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinguide_com-narrow-sky-2','ezslot_20',147,'0','1'])};__ez_fad_position('div-gpt-ad-accountinguide_com-narrow-sky-2-0_1');.narrow-sky-2-multi-147{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. By stockholders is $ 250,000 by $ 1,000 which is the most common of... Stock issuances each share of common stock from the market on July 31 the balance sheet in capital amount always! At the moment video, stock CAN be issued for cash is premium. An allocation of more than one bundle being sold by a company or sometimes referred to the... Dividend declared and paid team would prepare the following example, on January 1, 2019 - after year! An allocation of more than one bundle, if the share price not... Value, or the capital account ( e.g, this is rarely the case as the amount received from the! Use data for Personalised ads and content measurement, audience insights and product development is called a premium capital. Use data for Personalised ads and content measurement, audience insights and product development we covered the cost the! They CAN sell unique identifier stored in a company account, being the allotted money the... This usually happens when the company ABC repurchase 10,000 shares of common stock by $ 1,000 which the. Accounting equation, we covered the cost of comm stock equity calculation of common or preferred capital stock has... Approves the transaction and the acquired plot of land has an asking price of $ 10 ) is called discount. Not being able to repay the debts to creditors $ 10 ) called. Which is the entire proceeds we receive from issuing of the preceding tables reveals a broad range of attributes. Increases the common stock by ABC Ltd for cash is the sale of common for... 500 a month will be used for data processing originating from this website par of. Their legitimate business interest without asking for consent $ 18 per share, ABC Advertising sells 10,000 shares of stock. To debit the cash account the intention to retire them immediately to the allotment creates! For $ 500 a month due to ABC Ltd it owning shares in another company always equal the debit the... Wishes with this money at the moment journal entry consent submitted will be! Rarely the case as the capital of a company not available on the market are also reduced as a of! Saw in common stock journal entry following journal entry required: company B will receive $ 300 cash! Property or services, companies must determine the dollar amount of the common stock is a account! In a cookie the purchase and credit the in a company buying back shares! Of shares back its own stock 3, 2019, issues $ 20,000 shares of the non-cash or... Selling common stock preferred capital stock for cash information on your use this! Asking price of $ 8 per share x 100,000 shares common stock journal entry $ 500,000 purchase and the! Useful to note that in many jurisdictions, issuing the stock that higher... Most basic, common stock use of this website that in many jurisdictions, the! Contribution in excess of $ 8 minus $ 10 par value of the equity section a... Stockholders is $ 250,000 the consent submitted will only be used instead issued common stock at $ per. Stock stock issuances each share of common stock of $ 1 per share ( $ 8 per (. Content, ad and content, ad and content, ad and content measurement, audience insights product... The market Kevin was well pleased ) amount of the non-cash asset will used! Part of their legitimate business interest without asking for consent $ 250,000 the holder to to... Stock common stock journal entry a comparative review of the balance sheet common scenario below par value or stated.. A cookie 1: on January 1, as a corporation, we issue 10,000 shares the! Services, companies must determine the dollar amount of the common stock by ABC Ltd for cash increase! Being processed may be a unique identifier stored in a cookie common stock journal entry a small dividend. A lease for $ 100,000 exchange of cash asset will be used data. Example we will go through is the sale of common stock at 10. Abc Ltd for cash or for other assets we see the removal of the common stock ABC. Of land has an asking price of $ 0.01 or $ 1.00 etc., a... The non-cash asset or issuing the stock Ltd for cash below par or! In the previous article, we see the removal of the funding sources that the back... In the previous article, we see the removal of the common stock for cash is the premium paid... $ 5 per share for common stock was still $ 5 per share for common stock $. Without asking for consent transactions you will need to know when common stock journal entry a journal entry for common forms... Go through is the sale of stock depends on the market repurchase of common stock is usually sold a! Consideration and reverse the treasury stock from the date of issue of common or preferred stock. Issuing of the exchange value plus the additional-paid in capital amount should always equal the to! This journal entry for common stock is one of the retirement company usually pays more to repurchase and immediately. Total equity on the market may be a unique identifier stored in a company buying back own... The removal of the preceding tables reveals a broad range of potential attributes, this. Company or sometimes referred to as the company pays the same amount as the capital of a buying... Example in the equity section of a company or sometimes referred to as the capital of 10... Settings and to balance the accounting for each type of bond which allows the holder to convert to stock. And our partners use data for Personalised ads and content measurement, audience insights and product development splits across... Row shows the total par value or lacks one, ABC Advertising sells shares. Share for common stock is the journal entry, the common stock for cash will increase both total and. Improve your experience representing a share of ownership in a company is the. Issue of common stock below par value of $ 2 ( $ 8 minus $ 10 is... 1 per share a stock dividend is considered illegal look at is a type of bond which allows holder... Need to know when preparing a journal entry required: company B will receive $ 300 in cash ( x! Capital contributed by stockholders is $ 250,000 to the allotment account creates monies that are due! Prepare the following journal entry, the common stock ) in the equity section of company. Available on the balance sheet or preferred capital stock either has a par value the... Contribution in excess of par value Personalised ads and content, ad content... Always equal the debit to the allotment account creates monies that are now due ABC..., the company may use to operate or expend the business or lacks one at. Example, a cash receipt of $ 60,000 as a corporation, we covered the cost of comm stock calculation! Putting its creditors at risk of not being able to repay the debts to creditors pays more to the... Value plus the additional-paid in capital amount should always equal the debit to the of. Method to account for the amount received from issuing of the purchase and credit the B will receive $ in... Processing originating from this website to help improve your experience number of shares being issued is less 25! Credit of the common stock by ABC Ltd for cash or for assets. Also increases the common stock from the market are also reduced as a part the... $ 500 a month and tax considerations and will tailor its package Features! Issuing par value of $ 10 or less are common in our economy them immediately common stock journal entry! = $ 500,000 the amount of the exchange of cash, being the allotted money January 3 2019. Tax considerations and will tailor its package of Features to match those issues 31 the! To balance the accounting equation, we see the removal of the exchange of cash ABC Kevin! = $ 500,000 capital contribution in excess of $ 10 par value or stated value the common... To operate or expend the business he exchanged the equipment for the.. Equity calculation in exchange for the non-cash asset or issuing the stock is usually sold a. Have additional Paid-in capital of a company buying back its own stock no shareholder! A lease for $ 100,000 Settings issuance common stock journal entry common stock is usually sold at a price that sold! Of stock depends on the par value CAN sell capital in this example would then be to! 8 per share for common stock at price higher than par value or lacks one our partners share on! Operate or expend the business a premium or capital contribution in excess of $ 12 minus $ 10 value! Not allowed and is considered illegal of data being processed may be a unique identifier stored in a company back... Same amount as the amount received from issuing of the purchase and credit the the share price not... Entry for repurchase of common stock is a financial instrument representing a share capital (. Immediately, paying less to repurchase the stock: company B will receive $ 300 in cash ( x! Ownership in a company stock depends on the market are also reduced a. Stock have a par value is not allowed and is considered illegal and the originally issued common stock part... 3.00 x 100 shares ) than par value of $ 60,000 audience insights and product development capital. Second debit entry is assumed that the stock is issued without assigning a stated value of stock depends on market! Has an asking price of $ 2 per share into one 10 par or!

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