Stock Issue Activity a)Goofy Company issued 1,000 shares of $10 par common stock for $20,000. b) Goofy Company issued an additional 2,000 shares for $25 a share Goofy Company Accounting Equation Balance Sheet Income Statement Event Assets Stockholders Equity Cash + Land = Common Stock + PIC in Excess Revenue - Expense = Net Income a) + = $10,000 + - = b) + = $20,000 + - = Helpful Resources Types of Stock Article