In states that allow no-par stock there is normally a stated value that is handled in the same manner as the par value. Shares Issued for Cash When stock is sold for cash the entry includes a debit to cash and a credit to one or more paid-in capital equity accounts. Example: Spencer Corporation sells 100 shares of common stock with a par value of $1 for $500. The journal entry would be as follows: Account Debit Credit Cash $500 Common stock $100 Additional paid-in capital, common stock 400To record the sell of 100 shares of $1 par value common stock for $5 per share.
XPO Logistics, Inc. (NYSE: XPO) is a U.S. corporation and one of the world's 10 largest providers of transportation and logistics services. The company has approximately $15 billion in revenue, serves more than 50,000 customers, and operates a network of over 88,000 employees and 1,440 locations in 34 countries.
What is an APO address or an FPO address? APO stands for Army Post Office, and is associated with Army or Air Force installations. FPO stands for Fleet Post Office, and is associated with Navy installations and ships. What does APO mean? APO stands for Army Post Office. It is normally followed by a number which serves as a code for a particular military unit or installation. APOs were often mobile, and moved with the units to which they were attached.