11 Ex 2

Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $118,000 cash. Journal entry worksheet 2 3 4 Record the issue of 4,000 shares of $30 par value common stock for $144,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $2 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 4 Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal