Common Stock Issued Above Par Value Example: The owners of Dunder Mifflin decide to take the company public. In the corporate charter, DM established a par value of its shares at $1. DM issues 1,000,000 shares at $10/each in the IPO. Record the JE for the stock issuance. No-Par Common Stock Example: Assume instead that Dunder Mifflin had no par value assigned to its stock. Since par values in no way impact the market price of the stock, DM is still able to issue 1mm shares at $10/share. Record the JE.