PLEASE ANSWER ALL THE QUESTIONS

Required Information Exerclse $11-4($Algo$)$ Recording stock Issuances LO P$1$

Prepare journal entries to record each of the following four separate issuances of stock.

Journal entry worksheet

A

C

D

Record the issue of $1,500$ shares of no$-$par common stock to its promoters in

exchange for their efforts, estimated to be worth $$34,500.$ The stock has a $$2$

per share stated value.

Note: Enter debits before credits. Exercise $11-4($Algo$)$ Recording stock Issuances LO P$1$

Prepare journal entries to record each of the following four separate issuances of stock.

Journal entry worksheet

A

B

C

D

Record the issue of $1,500$ shares of no$-$par common stock to its promoters in

exchange for their efforts, estimated to be worth $$34,500.$ The stock has no

stated value.

Note: Enter debits before credits. Exerclse $11-4($Algo$)$ Recording stock Issuances LO P$1$

Prepare journal entries to record each of the following four separate issuances of stock.

Journal entry worksheet

A

B

C

D

Record the issue of $750$ shares of $$50$ par value preferred stock for $$72,000$

cash.

Note: Enter debits before credits.

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.

A corporation issued $3\mathrm{.}000$ shares of $$5$ par value common stock for $$18\mathrm{.}000$ cash.

A corporation issued $1,500$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated

to be worth $$34,500.$ The stock has a $$2$ per share stated value.

A corporation issued $1,500$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated

to be worth $$34,500.$ The stock has no stated value.

A corporation issued $750$ shares of $$50$ par value preferred stock for $$72,000$ cash.

Exercise $11-4($Algo$)$ Recording stock Issuances LO P$1$

Prepare journal entries to record each of the following four separate issuances of stock.

Journal entry worksheet

A

B

C

D

Record the issue of $3,000$ shares of $$5$ par value common stock for $$18,000$

cash.

Note: Enter debits before credits.