Accounting 1/ 562 Chapter 13 Accounting for Corporations cash on February 20. Exercise 13-2 Accounting for par, stated, and no-par stock issuances P riguez Corporation issues 19,000 shares of its common stock for $152,000 cash on Fe Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a S2 par value. 2. The stock has neither par nor stated value. 3. The stock has a $5 stated value. Exercise 13-3 Recording stock issuances P1 Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 4,000 shares of S5 par value common stock for $35,000 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 $40,000. The stock has a S1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their 4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash. efforts, estimated to be worth $40,000. The stock has no stated value. Exercise 13-4 Stock issuance for noncash assets P Sudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and a building, The land is valued at $45,000 and the building at $85,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. stock divi