What happens when a company issues common stock for 40000 and uses 30000 of the cash to purchase a truck?

What happens when a company issues common stock for 40000 and uses 30000 of the cash to purchase a truck?
When a company issues a stock, it is first assigned a par value,it's an arbitrary value, commonly $1. When the stock is sold,assuming that it sells for greater than par, the cash is enteredinto two seperate line items, Common stock and Paid in capital inexcess of par; this goes straight into Stockholder Equity. When thecompany buys the truck, (and this will sound backwards) they credittheir cash account and create an account in their ledger for thetruck and debit it for the amount they paid for the truck;accounting ledgers have two volumns that have to balance, Debit andCredit. They generally will create a depreciation account for thetruck as well and accumulate the depreciation on the truck untilsuch time as the value of the truck on th books equals zero or theysell the truck. The tricky part comes if they sell the truck formore than they have left on the books for its value, when thathappens they have to back and refile taxes for all the years theyclaimed the deprecition on the truck.