Yalstin Corp. issued 1000 shares of no-par common stock for $11 a share.

1. Record insurance of the stock if the stock:

a. is a no par stock

b. has stated value of $3 dollars per share

2. What type of stock insurance results in more paid in capital

The choices in the journal entry are:

Cash

Common stock

Paid-in capital in excess of stated value-common

Preferred stock

Retained earnings

The choices for the choice question are:

Both result in the same total paid in capital

The no par stock resulted in more total paid in capital

The stock with a stated value of $3 resulted in more total paid capital.

Yalstin Corp. issued 1,000 shares of no-par common stock for $11 per share. Requirements 1. Record issuance of the stock if the stock is a no-par stock has a stated value of $3 per share a. b. 2. Which type of stock issuance results in more total paid-in capital? ecord ebits first, then credits. Exclude e Requirement 1. a. Record the issuance of the stock if the stock is a no-par stock (R Journal Entry Date Accounts Debit Credit Requirement 1. b. Record the issuance of the stock if the stock has a stated value of $3 per share (Record debits first, then c Journal Entry Date Accounts Debit Credit Requirement 2. Which type of stock issuance results in more total paid-in capital