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please help explain and solve 1. A corporation issued 9,000 shares of $30 par value common stock for $324,000 cash. 2. A corporation issued 4,500
please help explain and solve
1. A corporation issued 9,000 shares of $30 par value common stock for $324,000 cash. 2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $34,500. The stock has a $1 per share stated value. 3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated of be worth $34,500. The stock has no stated value. 4. A corporation issued 2,250 shares of $50 par value preferred stock for $147,000 cash. Record the issue of 9,000 shares of $30 par value common stock for $324,000 cash. Note: Enter debits before credits. Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $34,500. The stock has a $1 per share stated value. Note: Enter debits before credits. Record the issue of 4,500 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. Record the issue of 2,250 shares of $50 par value preferred stock for $147,000 cash. Note: Enter debits before credits Step by Step Solution
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