Exercise 11-3 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,500. The stock has a $2 per share stated value. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,500. The stock has no stated value. A corporation issued 1,000 shares of $25 par value preferred stock for $66,500 cash.
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 4,000 shares of $20 par value common stock for $96,000 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 $41,500. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $25 par value preferred stock for $66,500 cash. View transaction list Journal entry worksheet 23 Record the issue of 1,000 shares of $25 par value preferred stock for $66,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Of 6 Score answer > 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 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be wo $41,500. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be wo $41,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $25 par value preferred stock for $66,500 cash. View transaction list Journal entry worksheet 2 3 4 Record the issue of 4,000 shares of $20 par value common stock for $96,000 cash. Note: Enter debits before credits. Debit General Journal Transaction Credit Score answer > 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 4,000 shares of $20 par value common stock for $96.000 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 $41,500. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $25 par value preferred stock for $66,500 cash. View transaction list Journal entry worksheet Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,500. The stock has no stated value. Note: Enter debits before credits. Debit Credit General Journal Transaction 3 PERFECT MAGEMENT I Score answer >
