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I need help with all of these including the one ive done already. I WILL UPVOTE! Use the following information for Exercises 4-5 below. (Algo)
I need help with all of these including the one ive done already. I WILL UPVOTE!
Use the following information for Exercises 4-5 below. (Algo) The following information applies to the questions displayed below.) Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $5 par value common stock for $24.000 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 $38.000. The stock has a $2 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 $38,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $100 par value preferred stock for $138,000 cash Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,000. The stock has a $2 per share stated value. Note Enter debits before credits Debit Credit Transaction General Journal 2 Organization expenses Common stock. $2 stated value 38.000 2 Paid in capital in excess of stated value, common stock 36.000 Record entry Clear entry View general journal Journal entry worksheet Step by Step Solution
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