5 Part 2 of 2 Required information Use the following information for Exercises 4-5 below. (Algo) [The following information applies to the questions displayed below.) 3 points Following are the issuances of stock transactions. Skipped 1. A corporation issued 2,000 shares of $20 par value common stock for $48,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $22,500. The stock has a $2 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $22,500. The stock has no stated value. 4. A corporation issued 500 shares of $50 par value preferred stock for $47,500 cash. eBook References Exercise 13-5 (Algo) Analyzing impact of stock issuance transactions LO P1 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. Exercise 13-5 (Algo) Analyzing impact of stock issuance transactions LO P1 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. Assets Liabilities + 1 + 1. + 2 + 2. 2 + 3 + 3 + 4 = + 4 + Equity + + + + + + + +