    Number Par Value Total of Shares  per Share = Par Value 1 ISSUING PREFERRED STOCK AT PAR VALUE     Number Par Value Total of Shares  per Share = Par Value 1 800  $100.00 = $80,000.00 2 3 4 6 5 1. Calculate the amounts to be recorded. 4. Record the receipt number. 5. Write the debit amount. 2. Write the date. 6. Record the credit amount. 3. Enter the account title. Lesson 12-1, page 322

    1 Number Value of Shares  per Share = Value ISSUING PREFERRED STOCK FOR MORE THAN PAR VALUE     Number Value of Shares  per Share = Value 1 Total received 300  $120.00 = $36,000.00 Par value 300  100.00 = 30,000.00 Amount received in excess of par value $ 6,000.00 2 6 4 5 3 1. Calculate the amounts to be recorded. 4. Record the receipt number. 5. Write the debit amount. 2. Write the date. 6. Record the credit amounts. 3. Enter the account titles. Lesson 12-1, page 323

    1 Number Value of Shares  per Share = Value ISSUING PREFERRED STOCK FOR LESS THAN PAR VALUE     Number Value of Shares  per Share = Value 1 Par value 500  $100.00 = $50,000.00 Total received 500  90.00 = 45,000.00 Total discount $ 5,000.00 2 4 5 3 6 1. Calculate the amounts to be recorded. 4. Record the receipt number. 5. Write the debit amounts. 2. Write the date. 6. Record the credit amount. 3. Enter the account titles. Lesson 12-1, page 324

    Number Value of Shares  per Share = Value 1 ISSUING PREFERRED STOCK FOR ASSETS OTHER THAN CASH     Number Value of Shares  per Share = Value 1 Total received 100  $120.00 = $12,000.00 Par value 100  100.00 = 10,000.00 Amount in excess of par $ 2,000.00 2 3 4 5 6 1. Calculate the amounts to be recorded. 4. Record memorandum number. 5. Write the debit amount. 2. Write the date. 6. Record the credit amounts. 3. Enter the account titles. Lesson 12-1, page 325

ISSUING COMMON STOCK WITH NO PAR VALUE ISSUING COMMON STOCK WITH A STATED VALUE Lesson 12-1, page 326

TERMS REVIEW discount on capital stock Lesson 12-1, page 327