ACG 2021 Class Exercise Chapter 11 Issuance of stock for cash and non cash 1. A company reported the following stockholders' equity on January 1 of the current year: a. Prepare journal entries for the following selected transactions related to this company's stock during the current year: a. Issued 1000 shares for $10.00 b. Issues 5000 shares for $15.00 c. Issued 1,600 shares is exchange for land worth $50,000. The companys stock is currently selling on the New York Stock Exchange for $20.00 a share.