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Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6,000 shares of $30 par value common
Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6,000 shares of $30 par value common stock for $216,000 cash. 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,500. The stock has a $1 per share stated value 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,500. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $106,500 cash. View transaction list Journal entry worksheet B D Record the issue of 6,000 shares of $30 par value common stock for $216,000 cash. Melissa Trevino Journal entry worksheet Record the issue of 6,000 shares of $30 par value common stock for $216,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Journal entry worksheet D Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,500. The stock has a $1 per share stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet >
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