When a corporation issues stock at par value,the Cash account is debited and the Common Stock account is credited for an amount equal to the number of shares issued times the par value per share.

Name: When a corporation issues stock at par value,the Cash account is debited and the Common Stock account is credited for an amount equal to the number of shares issued times the par value per share.
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Question

Quizplus · Accepted Answer

This is correct accounting treatment for issuing stock at par value.

When a Corporation Issues Stock at Par Value,the Cash Account