1. A corporation issued 7.000 shares of $10 par value common stock for $84,000 cash. 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $45,000. The stock has a $1 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $45,000. The stock has no stated value. 4. A corporation issued 1,750 shares of $75 par value preferred stock for $176.250 cash. Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. Answer is not complete. Assets Liabilities Equity 1. Cash (+) increase 84,000 + (+) increase > 70,000 1. + (+) increase 14,000 Common Stock, $10 Par Value Paid-In Capital in Excess of Par Value, Common Stock Common Stock, $1 stated value Paid-In Capital in Excess of Stated Value, Common Stock 2. Organization Expenses x X (+) increase + 45,000 X = (+) increase 3,500 + 2. (+) increase > 41,500 + 2. . 3 Organization Expenses X (+) increase x 45,000 X + Common Stock, No-Par Value (+) increase 45,000 + 3 Cash (+) increase 176,250 + (+) increase 131,250 Preferred Stock, $75 Par Value Paid-In Capital in Excess of Par Value, Preferred Stock 4. (+) increase 45,000 19 Droy 1 of 10 Nevt