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please answer both #4 & #5! Required information The following information applies to the questions displayed below) Following are the issuances of stock transactions. 1.
please answer both #4 & #5! Required information The following information applies to the questions displayed below) Following are the issuances of stock transactions. 1. A corporetion issued 8,000 shares of $30 par value common stock for $288.000 cash. 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $8.000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,000. The stock has no stated value. 4. A corporation issued 2,000 shares of $50 par value preferred stock for $158,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. Prepare joumal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 8,000 shares of $30 par value common stock for $288,000 cash. Note: Enter debits before credits. Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,000. The stock has a $1 per share stated value. Note: Enter debits before credits. Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,000. The stock has no stated value. Note: Enter debits before credits. Prepare joumal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 2,000 shares of $50 par value preferred stock for $158,000 cash. Note: Enter debits before credits. 1. A corporstion issued 8,000 shares of $30 por value common stock for $288,000 cash. 1. A corporstion issued 8,000 shares of $30 por value cominon stock for $288,000 cash. to be worth $58,000 The stock has a $1 per share stated value. 3. A corporotion issued 4,000 shares of no-par common stock to its promoters in exchange for their elforts, estimated to be worn $58,000. The stock has no slated walue. 4. A corporation issued 2,000 shares of $50 par value preferred stock for $158,000 cash. Malyze each transaction from issuances of stexk by showing its effect on the accounting equation-specificaly, identefy we accounts and amounts pincluding + of ) for each transaction. I par vilue common stock for $288,000 cash. sar common stock to its promoters in exchange for their efforts, estimated yer share stated watue. zar common stock to its promoters in exchange for their efforts, estimated ated value. I par value preferred stock for $158,000 cesh showing its effect on the sccounting equation-specifically, identify the eccounts
please answer both #4 & #5!
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