Zermatt AG began operations on April 1 by issuing 50,000 CHF2 par value ordinary shares for cash

Question:

Zermatt AG began operations on April 1 by issuing 50,000 CHF2 ordinary shares for cash at CHF13 per share. On April 19, it issued 2,000 ordinary shares to attorneys in settlement of their bill of CHF27,100 for organization costs. Journalize both issuances, assuming the shares are not publicly traded.
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...