Florences Floral Arrangements, Inc had the following transactions in the month of January The owners invested $ 100,000 (the par value of the stock) for 20,000 shares of common stock the company purchased furniture for the florist shop in the amount of $ 12,000, which was put on a credit account wi...

Assets Liabilities Equity 100000 Cash 0 ...

Florences Floral Arrangements, Inc. had the following transactions in the month of January: The owners invested $

Question:

Florence’s Floral Arrangements, Inc. had the following transactions in the month of January: The owners invested $ 100,000 (the of the stock) for 20,000 shares of common stock; the company purchased furniture for the florist shop in the amount of $ 12,000, which was put on a credit account with the vendor; and the company paid employees wages of $ 6,000 in cash. What is the effect of each of these transactions on the accounting equation?
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,...