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please answer each probelm with Given Numbers. Will be much appreciated! Problem 1: 10 points Prepare journal entries to record the following four separate issuances
please answer each probelm with Given Numbers. Will be much appreciated!
Problem 1: 10 points Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 4,000 shares of 55 par value common stock for 535,000 cash 2. A corporation issued 2.000 shares of no-par common stock to its promoters in exchange for their eflorts, estimated to be worth $40,000. The stock, has a $1 per share stated value 3. A corporabion issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 1.000 shares of $50 par value preferred stock for $60,000 cash Step by Step Solution
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