Recording Stock Issuances with Par Value In a recent year, Coach, Inc , a designer and marketer of handbags and other accessories, issued 10,200 shares of its $0 01 par value stock for $43,000 (these numbers are rounded) These additional shares were issued under an employee stock option plan Prepar...

Recording Stock Issuances with Par Value In a recent year, Coach, Inc., a designer and marketer of

Question:

Recording Stock Issuances with
In a recent year, Coach, Inc., a designer and marketer of handbags and other accessories, issued 10,200 shares of its $0.01 stock for $43,000 (these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the journal entry required to record the stock issuance.

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,...