Moonwalker Corporation issued 2.000 shares of its $10 par value common stock for $60.000 Moonwalker also incurred $1 500 of costs associated with issuing the stock Prepare Moonwalker's journal entry to record the issuance of the company's stock S60 000 O Cash Common Stock Additional Paid in-Capital C/S O Cashi Common Stock Additional Paid in Capital CIS $38 500 $20 000 $40.000 $68 500 320 000 Cash 000 09$ $20 000 Common Stock Additional Paid-in-Capital PIS 540 000 Cash 358 500 Common Stock Adotional Paic in Capral P/S 538 500 $20 000

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.