Sportage Limited issued 2,000 shares of no par value common shares for $58,300. Prepare Sportages journal entry

Question:

Sportage Limited issued 2,000 shares of no common shares for $58,300. Prepare Sportage’s journal entry if
(a). The stock has no and
(b). The stock has a of $13 per share.
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...