Question

Record the issue of 4,000 shares of $5 par value common stock for $35000 cash

Answer 1

The outcome are:

• Cash =  $35,000
• Common Stock $ 5 Par Value = $20,000
• Paid-in Capital in exc of par val CS =  $15,000

What is the shares about?

Shares are known to be the units of measurement for any equity ownership that is found in a corporation.

Note that in the case above, since the Corporation were said to have issued 4000 shares. the cash they have is $35,000.

To get the Paid-in Capital in exc of par val CS =  

Cash ($35,000) - Common Stock $ 5 Par Value ($20,000)

=   $15,000

Therefore, The outcome are:

• Cash =  $35,000
• Common Stock $ 5 Par Value = $20,000
• Paid-in Capital in exc of par val CS =  $15,000

See the question below

A Corporation issued 4000 shares of $5 par value common stock for $35,000

Learn more about shares  from

brainly.com/question/25818989

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