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During its first year of operations, Endevor Corporation had the following transactions pertaining to its common stock. Apr. 26 Issued 15,000 shares for cash at

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During its first year of operations, Endevor Corporation had the following transactions pertaining to its common stock. Apr. 26 Issued 15,000 shares for cash at $4.50 per share. May 11 Issued 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate. Aug. 1 Issued 20,000 shares for cash at $5 per share. Nov. 1 Issued 10,000 shares for cash at $7 per share. (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $1 per share. (b) Prepare the journal entries for these transactions, assuming that the common stock is no par with a stated value of $3 per share. Ravonette Corporation issued 300 shares of $ 10 par value common stock and 100 shares of $50 par value preferred stock for a lump sum of $13, 500. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share. Prepare the journal entry to record the issuance. On February 1, 2012, Buffalo Coloration issued 3,000 shares of its $$ par value common stock for land worth $31,000. Prepare the February 1, 2012, journal entry. Moon walker Corporation issued 2,000 shares of its $10 par value common stock for $60,000. Moonwalker also incurred $1, 500 of costs associated with issuing the stock. Prepare Moonwalker's journal entry to record the issuance of the company's stock. National Gas Corporation was organized on June 1, 2014. It is authorized to issue 100.000 shares of 5%. $100 par value preferred stock, and 1, 750.000 shares of no par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. June 15 Issued 165.000 shares of common stock for cash at $5 per share. June 30 Issued 25.000 shares of preferred stock for cash at $102 per share. Aug. 15 Issued 20.000 shares of common stock for a factory building. The asking price of the factory building was $150,000: the appraised value of the factory building was $140,000. Sept. 1 Issued 200.000 shares of common stock for cash at $7 per share Oct. 1 Issued 5,000 shares of common stock to attorneys in payment of their bill of $40.000 for services rendered in helping the company organize. Oct. 15 Issued 25.000 shares of common stock for cash at $8.50 per share Nov. 1 Issued 6,000 shares of preferred stock for cash at $104 per share. Prepare the journal entries to record the above transactions

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