When 9,000 shares of $8 stated value common stock is issued at $13 per share,________.

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When a stock is issued for more than its stated value, the difference between the issue price and the stated value is credited to the account titled Paid-In Capital in Excess of Stated. In this case, the total amount received from issuing 9,000 shares of $8 stated value common stock at $13 per share would be $117,000. The Common Stock - $8 Stated account would be credited for $72,000 (9,000 shares x $8 stated value), and the remaining $45,000 ($117,000 - $72,000) would be credited to Paid-In Capital in Excess of Stated. This method is different from the accounting for par value stock, which has a fixed value per share that cannot be exceeded.

When 9,000 Shares of $8 Stated Value Common Stock Is