Hen a company issues 37,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include:

Debit Cash Account $370,000

Credit Common Stock Account  $37,000

Credit Share Premium Account $333,000

Explanation:

Given a par value of $1, and an issue price of $10, the shares were issued at a premium of (10 - 1 = ) $9.

Therefore, the journal entry are as follows.

Debit Cash Account (37,000 * $10) = $370,000

Credit Common Stock Account (37,000 * $1) = $37,000

Credit Share Premium Account (37,000 * $9) = $333,000.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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