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3 Part 2 of 2 1 points Required Information (The following information applies to the questions displayed below.) Following are the issuances of stock transactions.
3 Part 2 of 2 1 points Required Information (The following information applies to the questions displayed below.) Following are the issuances of stock transactions. 1. A corporation issued 3,000 shares of $5 par value common stock for $18,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,000. The stock has a $3 per share stated value 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,000. The stock has no stated value. 4. A corporation issued 750 shares of $100 par value preferred stock for $116,000 cash. eBook Print 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. References Assets Liabilities Equity 1. 2 3 = 4
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