Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6,000 shares of $10 par value common stock for $72,000 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 $26,000. 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 $26,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $100 par value preferred stock for $176,000 cash. View transaction list Journal entry worksheet Record the issue of 6,000 shares of $10 par value common stock for $72,000 cash Debit Credit Note: Enter debits before credits Transaction General Journal 1 Cash Common stock, $10 par value Paid-in capital in excess of par value, Common stock 72,000 60,000 12,000 Recordando cinante Winonal Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6,000 shares of $10 par value common stock for $72,000 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 $26,000. 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 $26,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $100 par value preferred stock for $176,000 cash. View transaction list 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 $26,000. The stock has a $1 per share stated value. Note: Enter debits before credits Credit Transaction General Journal 2 Organization expenses Common stock, $1 stated value Pald-in capital in excess of stated value, common stock Debit 32,000 3,000 29,000 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6,000 shares of $10 par value common stock for $72,000 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 $26,000. 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 $26,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $100 par value preferred stock for $176,000 cash. View transaction list 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 $26,000. The stock has no stated value. Debit Credit Note: Enter debits before credits Transaction General Journal Organization expenses Common stock dividend distributable 3 Decandant Content Willouca Prepare Journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6,000 shares of $10 par value common stock for $72,000 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 $26,000. 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 $26,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $100 par value preferred stock for $176,000 cash. View transaction list Journal entry worksheet
