4 journal entries

Use the following information for Exercises 4-5 below, (Algo) [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 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 $43,500. 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 $43,500. The stock has no stated volue. 4. A corporation issued 1,000 shares of $100 par value preferred stock for $143,500 cash Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet D Record the issue of 4,000 shares of $10 par value common stock for $48,000 A Record the issue of 4,000 shares of $10 par value common stock for $48,000 cash. B Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,500. The stock has a $2 per share stated value. C Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,500. The stock has no stated value. D Record the issue of 1,000 shares of $100 par value preferred stock for $143,500 cash. Note : fournal entry has been entered Use the following information for Exercises 4-5 below, (Algo) [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 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 $43,500. 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 $43,500. The stock has no stated volue. 4. A corporation issued 1,000 shares of $100 par value preferred stock for $143,500 cash Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet D Record the issue of 4,000 shares of $10 par value common stock for $48,000 A Record the issue of 4,000 shares of $10 par value common stock for $48,000 cash. B Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,500. The stock has a $2 per share stated value. C Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,500. The stock has no stated value. D Record the issue of 1,000 shares of $100 par value preferred stock for $143,500 cash. Note : fournal entry has been entered