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Following are the issuances of stock transactions. 1. A corporation issued 3,000 shares of $20 par value common stock for $72,000 cash. 2. A corporation
Following are the issuances of stock transactions. 1. A corporation issued 3,000 shares of $20 par value common stock for $72,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24.500. The stock has a $2 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $80,750 cash Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet A B D Record the issue of 3,000 shares of $20 par value common stock for $72,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Decoronto Clearanto View Generational Journal entry worksheet Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has a $2 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet A B > Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has no stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal Journal entry worksheet
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