The entry to recognize acquiring cash from the issue of common stock will include a debit to the cash account and a credit to the common stock account.
The common stock account is a public ledger account in which is recorded the par value of all common stock administered by a company. When these shares are sold for an amount over their par value, the excess amount is recorded separately in an additional paid-in capital account.
Upon issuance, common stock is recorded at par value with any amount received above that figure reported in an account such as capital over par value.
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