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Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $20 par value common stock for $240,000 cash. 2. A corporation

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Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $20 par value common stock for $240,000 cash. 2. A corporation issued 5,000 shares of no-pat common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has a $1 per share stated value. 3. A corporation issued 5.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has no stated value. 4. A corporation issued 2,500 shares of $25 par value prefetred stock for $99,000 cash. Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifcalily, identify the accounts and amounts fincluding + or ) for each transaction

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