Jones Systems completed the following stock issuance transactions: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share.   Jun. 3 Issued 300 shares of $9, no-par preferred stock for $15,000 cash.         11 Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. Requirements Journalize the transactions. Explanations are not required. How much paid-in capital did these transactions generate for Steller Systems?

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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.