Bernstein Co is a limited liability company. The annual general assembly, held on 6 May X1, voted

Question:

Bernstein Co is a limited liability company. The annual general assembly, held on 6 May X1, voted to issue an additional 2,500 shares (each with a par of 550 CU). The public offering price is set at 700 CU. The capital will be called for the full amount of the legal minimum. Bank X received the subscriptions from 7 to 30 May. On 30 May, the bank issued a certificate stating that the sale was complete and all funds had been collected.
Required
Under both of the following hypotheses prepare the appropriate entries:
1. The legal minimum that must be called is half of the issuance price,
2. The legal minimum that must be called is half the and the entire share premium. 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,...