5 Prepare journal entries to record each of the following four separate issuances of stock. 1.81 points 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 $21,000. The stock has a $1 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 $21,000. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $77,250 cash. eBook 6 Hint View transaction list Journal entry worksheet References Record the issue of 3,000 shares of $5 par value common stock for $18,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal 5 Prepare journal entries to record each of the following four separate issuances of stock. 1.81 points 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 $21,000. The stock has a $1 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 $21,000. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $77,250 cash. eBook View transaction list Hint Journal entry worksheet References Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,000. The stock has a $1 per share stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal UT Prepare journal entries to record each of the following four separate issuances of stock. 1.81 points 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 $21,000. The stock has a $1 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 $21,000. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $77,250 cash. eBook View transaction list Hint Journal entry worksheet References Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,000. The stock has no stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record entry Clear entry View general journal UT Prepare journal entries to record each of the following four separate issuances of stock. 1.81 points 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 $21,000. The stock has a $1 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 $21,000. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $77,250 cash. eBook View transaction list Hint .. Journal entry worksheet References Record the issue of 750 shares of $75 par value preferred stock for $77,250 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 Record entry Clear entry View general journal