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Following are the issuances of stock transactions. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash. A corporation issued 2,000

  1. Following are the issuances of stock transactions.A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash.
  2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $3 per share stated value.
  3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has no stated value.
  4. A corporation issued 1,000 shares of $100 par value preferred stock for $154,000 cash.

?Analyze each transaction from issuances of stock by showing its effect on the accounting equation? specifically, identify the accounts and amounts (including + or ?) for each transaction.

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Logout Successful X Question 2 - Ch 11: Exercises 20 pts X X A https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F% (B 80% ... V Ch 11: Exercises 20 pts Saved Help Save & Exit Submit Check my work 2 Required information Part 2 of 2 [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1.33 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash. points 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $3 per share stated value. . A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has no stated value. Book 4. A corporation issued 1,000 shares of $100 par value preferred stock for $154,000 cash. n References Analyze each transaction from issuances of stock by showing its effect on the accounting equation- specifically, identify the accounts and amounts (including + or -) for each transaction. Assets = Liabilities + Equity 1. = + + + 2. = 3. + + + 11 Mc Hill Type here to search O 11:47 AM 4/30/2021

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