Luis SLU issued 1,000 ordinary shares Instructions Prepare the entry for the issuance under the following assumptions (a) The shares had a par value of 5 per share and were issued for a total of 48,000 (b) The shares had a stated value of 5 per share and were issued for a total of 48,000 (c) The sh...

a Cash 48000 Share Capital x Ordinary 1000 X 5 5000 Share Premium x Ordinary 43000 b Ca ...

Luis SLU issued 1,000 ordinary shares. Instructions Prepare the entry for the issuance under the following assumptions.

Question:

Luis SLU issued 1,000 ordinary shares.
Instructions
Prepare the entry for the issuance under the following assumptions.
(a) The shares had a of €5 per share and were issued for a total of €48,000.
(b) The shares had a stated value of €5 per share and were issued for a total of €48,000.
(c) The shares had no par or stated value and were issued for a total of €48,000.
(d) The shares had a of €5 per share and were issued to attorneys for services during incorporation valued at €48,000.
(e) The shares had a of €5 per share and were issued for land worth €48,000.
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,...