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Following are the issuances of stock transactions. 1. A corporation issued 6,000 shares of $10 par value common stock for $72,000cash. 2. A corporation issued

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Following are the issuances of stock transactions. 1. A corporation issued 6,000 shares of $10 par value common stock for $72,000cash. 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $75 par value preferred stock for $141,500 cash

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