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Issuance of Common Stock above Par
Recording the sale of new shares to investors including Additional Paid-In Capital (APIC).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 50,000.00 | - |
| Common Stock ($1 Par) | Equity (+) | - | 5,000.00 |
| Paid-in Capital in Excess of Par | Equity (+) | - | 45,000.00 |
💡 Accountant's Note
This shows how equity is split between the legal par value and the actual amount paid by investors.
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