Question
Following are the issuances of stock transactions. A corporation issued 10,000 shares of $30 par value common stock for $360,000 cash. A corporation issued 5,000
Following are the issuances of stock transactions. A corporation issued 10,000 shares of $30 par value common stock for $360,000 cash. 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 a $1 per share stated value. 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. A corporation issued 2,500 shares of $75 par value preferred stock for $224,000 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.
Looking for the assets= Liabilities and Equity entries
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