Describe the accounting for the issuance for cash of no par value common stock at a price

Question:

Describe the accounting for the issuance for cash of no par value common stock at a price in excess of the stated value of the common stock.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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,...