If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000,

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The total amount received for the 5,000 shares is $175,000. The par value per share is $5, so the total par value is $5 x 5,000 = $25,000. The difference between the total amount received and the total par value is the paid-in capital in excess of par, which is $175,000 - $25,000 = $150,000. Therefore, Paid-In Capital in Excess of Par will be credited for $150,000.

If Vickers Company Issues 5,000 Shares of $5 Par Value