Exercise 11-4 Recording stock Issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock 1. A corporation issued 9,000 shares of $20 par value common stock for $216,000 cash 2. A corporation issued 4.500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $32,500. The stock has a $1 per share stated value. A corporation issued 4,500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $32.500. The stock has no stated value. 4. A corporation issued 2.250 shares of S100 par votue preferred stock for $257,500 cash. View transaction Journal entry worksheet Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,500. The stock has a $1 per share stated value Nota: Enter debitis to credits Det Credit Transaction General Journal 2 Organization expenses Common stock $1 stated value Paldin capital in Oss of stated value, Cormon stock View guneral Journal Clear entry Record entry Prey 1 of 7 !!! Next > Exercise 11-4 Recording stock Issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 9,000 shares of $20 par value common stock for $216,000 cash 2. A corporation issued 4,500 shares of no par common stock to promoters in exchange for their efforts, estimated to be worth $32,500. The stock has a $1 per share stated value. 3. A corporation issued 4,500 shares of no per common stock to its promoters in exchange for their efforts, estimated to be worth $32,500. The stock has no stated value 4. A corporation issued 2.250 shares of $100 par value preferred stock for $257.500 cash View transaction lit Journal entry worksheet 0 Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,500. The stock has no stated value Note: Enter debits beforwort Deba Credit Transaction General Journal Organization expenses Common stock, $1 stated value View general Journal Clear entry Record entry Exercise 11-4 Recording stock Issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 9,000 shares of $20 par value common stock for $216,000 cash 2. A corporation issued 4,500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be wort $32,500. The stock has a St per share stated value. 3. A corporation issued 4.500 shares of no.per common stock to its promoters in exchange for their efforts, estimated to be worth $32,500. The stock has no stated value. 4. A corporation issued 2.250 shares of $100 per value preferred stock for $257,500 cash Vuw transaction ist Journal entry worksheet
