On May 23, Stoltz Realty Inc issued for cash 80,000 shares of no par common stock (with a stated value of $3) at $12 On July 6, Stoltz Realty Inc issued at par value 18,000 shares of preferred 1 stock, $50 par for cash On September 15, Stoltz Realty Inc issued for cash an additional 50,000 shares o...

May 23 Cash 80000 shares 12 960000 Common Stock 80000 shares 3 240000 PaidIn C ...

On May 23, Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a

Question:

On May 23, Stoltz Realty Inc. issued for cash 80,000 shares of no-par (with a stated value of $3) at $12. On July 6, Stoltz Realty Inc. issued at 18,000 shares of preferred 1% stock, $50 par for cash. On September 15, Stoltz Realty Inc. issued for cash an additional 50,000 shares of no-par (with a stated value of $3) for $15.
Journalize the entries to record the May 23, July 6, and September 15 transactions?
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,...