Eates Corp. issued $1,000$ shares of no$-$par common stock for $$7$ per share.

Read the requirements.

Requirement $1$a$.$ Record issuance of the stock if the stock is true no$-$par stock. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Requirement $1$b$.$ Record issuance of the stock if the stock has stated value of $$3$ per share. $($Record debits fi

Requirements

Record issuance of the stock if the stock:

a$.$ is true no$-$par stock.

b$.$ has stated value of $$3$ per share.

Which type of stock results in more total paid$-$in capital?

Requirement $2.$ Which type of stock issuance results in more total paid$-$in capital?