ect.htm t 10-1, Week 10 Practice Exercises Saved Help Save Exercise 11-3 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 7000 shares of $10 par value common stock for $84,000 cash. 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46.500. The stock has a $1 per share stated value 3. A corporation issued 3.500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth 4. A corporation issued 1,750 shares of $75 par value preferred stock for $177750 cash. $46,500. The stock has no stated value View transaction list Journal entry worksheet Record the issue of 7,000 shares of $10 par value common stock for $84,000 cash. Note: Enter debits before credits ebit General Journal ansaction Journal entry worksheet 2 4 Record the issue of 7,000 shares of $10 par value common stock for $84,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet 2 4 Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,500. The stock has a $1 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 es Record entry Clear entry View general journal View transaction list Journal entry worksheet 4 Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,500. The stock has no stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. A corporation issued 1,750 shares of $75 par value preferred stock for $177750 cash. View transaction list Journal entry worksheet 3 4 Record the issue of 1,750 shares of $75 par value preferred stock for $177,750 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction ces Clear entry Record entry View general journal