1 - If a corporation issues 25,000 shares of its $1 par value common stock for $30 per share, what would be the effect on the accounting equation?

2 - A corporation issues 8,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $50 per share. What journal entry should be made to record this transaction?

3 - A corporation issues 2,000 shares of its $2 par value preferred stock for cash at $60 per share. What journal entry should be made to record this transaction?