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 $20 per share. record the issuance of the stock. how would the entry differ if gothic issued no-par value stock?

Explanation:

The journal entry is shown below:

1. Cash A/c Dr $20,000          (1,000 shares × $20)

    To Common Stock $1,000       (1,000 shares × $1)

    To  Additional Paid-in Capital in excess of par - Common Stock $19,000

(The issuance of the shares is reported and the amount remaining is credited to the additional paid-in capital account)

In the case of no par value stock, the journal entry would be

Cash A/c Dr $20,000  (1,000 shares × $20)

     To Common Stock A/c $20,000

(Being the issuance of the shares is recorded)

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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