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Following are the issuances of stock transactions. 1. A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash. 2. A corpotation

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Following are the issuances of stock transactions. 1. A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash. 2. A corpotation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,000. The stock has a $2 per share stated value. 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,000. The stock has no stated value. 4. A corporation issued 1,250 shares of $75 par value preferted stock for $134,750 cash. Exercise 11.5 (Algo) Analyzing impact of stock issuance transactions LO P1 Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identify the accounts and amounts fincluding + or - ) for each transaction

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