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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
- 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 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.
- 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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