2 Required information [The following information applies to the questions displayed below. 1.42 points Following are the issuances of stock transactions. 8 04:46:31 eBook 1. A corporation issued 5,000 shares of $10 par value common stock for $60,000 cash. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has a $2 per share stated value. 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has no stated value. 4. A corporation issued 1,250 shares of $25 par value preferred stock for $80,250 cash. Hint Print References Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet Record the issue of 5,000 shares of $10 par value common stock for $60,000 cash. 2 Required information View transaction list 1.42 points Journal entry worksheet & 04:46:22 eBook Record the issue of 5,000 shares of $10 par value common stock for $60,000 cash Hint Print Note: Enter debits before credits. References Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal 2 Required information View transaction list 1.42 points Journal entry worksheet 8 04:46:17 A B D > eBook Record the issue of 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has a $2 per share stated value. Hint Print Note: Enter debits before credits. References Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal 2 Required information View transaction list 1.42 points Journal entry worksheet 8 04:46:06 eBook Record the issue of 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has no stated value. Hint Print Note: Enter debits before credits. References Transaction General Journal Debit Credit 3 Record entry Clear entry View general Journal 2 Required information View transaction list 1.42 points Journal entry worksheet 8 04:46:00 eBook Record the issue of 1,250 shares of $25 par value preferred stock for $80,250 cash Hint Print Note: Enter debits before credits. References Transaction General Journal Debit Credit 4 Record entry Clear entry View general Journal