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Prepare journal entries to record the following four separate issuances of stock, 1. A corporation issued 2,000 shares of $10 par value common stock for
Prepare journal entries to record the following four separate issuances of stock, 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 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 $43,000. The stock has a $1 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 $43,000. The stock has no stated value. 4. A corporation issued 500 shares of $25 par value preferred stock for $55,500 cash. View transaction list Journal entry worksheet 1 2 3 4 Record the issue of 2,000 shares of $10 par value common stock for $24,000 cash
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