What is the required journal entry for each of the following transactions? a. 25,000 shares of no
Question:
a. 25,000 shares of no par value shares are issued for $30 per share.
b. 25,000 shares of $0.10 par value shares are issued for $30 per share.
c. 25,000 shares of $1.00 par value shares are issued for $30 per share.
d. What effect does par value have on the financial statements? Does par value affect any ratios or the interpretation of the financial statements? Explain. 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,...
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a Dr Cash asset 750000 Cr Common stock equity 750000 b Dr Cash asset ...View the full answer
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