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Prepare journal entries to record the following four separate issuances of stock. Prepare journal entries to record the following four separate issuances of stock. 1.
Prepare journal entries to record the following four separate issuances of stock.
Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 8,000 shares of $10 par value common stock for $96,000 cash 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has a $1 per share stated value 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has no stated value 4. A corporation issued 2,000 shares of $50 par value preferred stock for $136,500 cash View transaction list Record the issue of 8,000 shares of $10 par value common stock for $96,000 cash 1 96,000 Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has a $1 per share stated value 2 3 Record the issue of 4,000 shares of no-par common stockbit Credit to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has no stated value 4 Record the issue of 2,000 shares of $50 par value preferred stock for $136,500 cash Note : journal entry has been entered Record entry Clear entry View general journal
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