13-4,13-5

Required information Use the following information for Exerciss 4-5 below. (Algo) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $10 par value common stock for $120,000 cash. 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $50 par value preferred stock for $165,000 cash. Requirea ma Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identity the accounts and amounts (including + or -) for each transaction. Assets Liabilities 1. (+) increase 1. 2. 2 2 3 3. 4. 4. " .... ++ Liabilities + ++ ++++ Equity