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Eates Corp. issued 1,000 shares of no-par common stock for $7 per share. Read...

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Accounting

Eates Corp. issued 1,000 shares of no-par common stock for $7 per share.
Read the requirements.
Requirement 1a. Record issuance of the stock if the stock is true no-par stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Requirement 1b. Record issuance of the stock if the stock has stated value of $3 per share. (Record debits fi
Requirements
Record issuance of the stock if the stock:
a. is true no-par stock.
b. has stated value of $3 per share.
Which type of stock results in more total paid-in capital?
Requirement 2. Which type of stock issuance results in more total paid-in capital?
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