A company issued 200 shares of $2 par value stock for $10 per share on January 14.

Question:

A company issued 200 shares of $2 stock for $10 per share on January 14.
Required
Prepare the entry that the company would make to record the issuance. How would the entry change if the was $1?
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,...