Firm issues 10,000 shares at par for $5 and at sales price of $15, what is recorded in the paid-in-capital a/c

Question

if a firm issues 10,000 shares of common stock with a par value of $5 and a sales price of $15, what amount would be recorded in the pai-in-capital account?

Answer 1

Par Value = 5 * 10,000 = $50,000

Additional paid in capital = (15 - 5) * 10,000 = $100,000