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 $22 per share. Record the issuance of the stock. How would the entry differ if Gothic issued no-par value stock

Gothic Architecture

General Journal:

Debit Cash Account $22,000

Credit Common Stock $1,000

Credit Additional Paid-in Capital $21,000

To record the issuance of 1,000 shares, $1 par value at $22 each.

If Gothic issued no-par value stock, the entries would change to

Debit Cash Account $22,000

Credit Common Stock $22,000

To record the issuance of 1,000 shares at $22 each.

Explanation:

The par value is the nominal value at which shares are issued.  Shares can be issued at the par value, above par value (premium), and below par value (discount).

The difference between par value and above or below par value is recorded in another account called the Additional Paid-in Capital account.  This helps maintain the Issued Stock account at its par value.

b. take periodic breaks and alternate between tasks.  

will increase work efficiency, and avoid health issues.

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.