part 1

part 2

Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has a $4 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has no stated value. 4. A corporation issued 500 shares of $100 par value preferred stock for $94,000 cash. repare journal entries to record each of the following four separate issuances of stock. Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has a $4 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44.000. The stock has no stated value. 4. A corporation issued 500 shares of $100 par value preferred stock for $94,000 cash. Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identify the accounts and amounts (including + of -1 for each transaction