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Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 2,000 shares of $30 par value common
Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 2,000 shares of $30 par value common stock for $72.000 cash. 2. A corporation issued 1,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has a $5 per share stated value 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54 500. The stock has no stated value 4. A corporation issued 500 shares of $75 par value preferred stock for $92,000 cash. View transaction list X Record the issue of 2,000 shares of $30 par value common stock for $72,000 cash. 72 000 D Record the issue of 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has a $5 per share stated value. bit Credit Record the issue of 1,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has no stated value. 2.000 10.000 D Record the issue of 500 shares of $75 par value preferred stock for $92,000 cash. Note: - Journal entry has been entered Dodat cal Vonal
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