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plz help fill out remaining blanks. thanks. Required information The following informa tion applies to the questions displayed beiow]. Following are the issuances of stock
plz help fill out remaining blanks. thanks.
Required information The following informa tion applies to the questions displayed beiow]. Following are the issuances of stock trafsactions 1. A corporaton issued 4,000 shates of $5 par value common stock for $35,000 cash. 2. A cotporarion issued. 2,000 sheres of no par common stock to its promoters in exchange for their efforts, estimated to be worth 540,000 . The stock has a $1 per share stared value. 3. A corporation issued 2000 shares of no-per common stocic to iss promorers in exchange for their efforts, estimated to be worth 540000 The stock hos no stated value. 4. A corporaton issued 1,000 ohares of $50 par value preferred stock for $60,000 cosh. Analyze each trensaction from ssuances of stock by showing its effect on the accounting equation-speccically identsy the accounts and amounts (including + or - for each transaction Step by Step Solution
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