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 thelr efforts, estimated to be worth $$21,500.$ The stock has a $$1$ per share stated value.

A corporation issued $2,500$ shares of no$-$par common stock to its promoters in exchange for thelr efforts, estimated to be worth $$21,500.$ The stock has no stated value.

A corporation issued $1,250$ shares of $$100$ par value preferred stock for $$146,500$ cash.

Prepare journal entrles to record each of the following four separate issuances of stock.

Journal entry worksheet

$ABCC$

Record the issue of $5,000$ shares of $510$ par value common stock for $$60,000$ cash.

Notel Eater schbs betore chects.

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