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 a PEO Company? A PEO is a partner company that can give your employees better benefits, save you money, and take HR and compliance off your plate. Itâs how you offer Fortune 500 benefits no matter what size company you are. PEO stands for professional employer organization.