Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13

Question:

Alpha Co. sold 10,000 shares of common stock, which has a of $10, for $13 per share.
The company’s balance in retained earnings is $75,000. Prepare the stockholders’ equity section of the company’s balance sheet.

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,...