q.4 ch.11

(The following information applies to the questions displayed below.) Foliowing are the issuances of stock transactions. 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 $59.500. The stock has a $2 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 $59,500, The stock has no stated value. 4. A corporation issued 1,500 shares of $75 par value preferred stock for $172,000 cash Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identify the accounts and amounts (neluding + ot for each transaction. of no-par common stock to its promoters in exchange for their eltorts, estimated is no stated value. of $75 par value preferred stock for $172,000 cash. tock by showing its effect on the accounting equation-specifically, identify the accounts action