Using the following categories, indicate the effects of the following transactions. Use + for increase and -

Question:

Using the following categories, indicate the effects of the following transactions. Use + for increase and - for decrease and indicate the accounts affected and the amounts.
a. Sales on account were $1,800 and related cost of goods sold was $1,200.
b. Issued 5,000 shares of $1 stock for $60,000 cash.
Event Assets = Liabilties + Stockholder's Equity
(a)
(b)
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,...