Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $10 per share. Record the issuance of the stock. How would the entry differ if Gothic issued no-par value stock? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

There will be a $10,000.00 capital account  Journal entry and a subsequent credit of common stock journal entry about the no par value.

Explanation:

Funds from the sale of par value stock are divided between the common stock account and the paid-in capital account. For example Gothic Architecture issued a 1,000 shares of $1 par value at $10 par share means that it offered the stock for $1 par share but with the market price of $10 which depicts $10,000.00 will be realised as equity from the sales of the shares.

The only financial effect of a no par value issuance is that any equity funding generated by the sale of no par value stock is credited to the common stock account.  

There is a journal entry required for the transactions because the aforementioned entry notwithstanding, there should also be a corresponding Asset entry on the Balance Sheet of Gothic Architecture for both transactions.

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.