The journal entry of the given case is present in the image below.
What is journal entry?
Journal entry is defined as a primary recording of the financial transactions. Transactions are named in an accounting journal that presents a debit and credit balances of the company.
According to the given information,
Number of shares issued = 100
Par value per share = $10
Issue price per share = $10
Then the amount of total Cash received is:
[tex]=\text{Issue Price Per Share} \times \text{Number of shares Issued}\\\\=\$10 \times 100\\\\=\$1,000[/tex]
Total par value would be $1,000. Therefore, the journal entry is listed in the image below.
Learn more about the journal entry, refer to:
https://brainly.com/question/20421012
#SPJ1
