Paltel issued 10,000 shares of $2 par-value common stock, receiving proceeds of $40 per share. The amount recorded for the paid-in capital in excess of par account is Choose... Paltel has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of Par, with values of $10,000 and $250,000, respectively. Paltel has 10,000 common shares outstanding. If Paltel had a par value of $1, the stock originally sold for Choose