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QUESTION
PAR ISSUE - ABC ISSUED 1,000 SHARES OF $10 PAR VALUE COMMON STOCK FOR $15,000. PREPARE JOURNAL ENTRY FOR THIS ISSUE OF STOCK.
PAR ISSUE – ABC ISSUED 1,000 SHARES OF $10 PAR VALUE COMMON
STOCK FOR $15,000. PREPARE JOURNAL ENTRY FOR THIS ISSUE OF
STOCK.
Date ParticularsCashCommon stock ( $10 *1000)Paid in capital in excess of par Dr$ Cr15,000$$ 10,0005,000