Record the issue of $4,500$ shares of no$-$par common stock to its promoters in

exchange for their efforts, estimated to be worth $$56,000.$ The stock has a $$1$

per share stated value.

Note: Enter debits before credits. Record the issue of $4,500$ shares of no$-$par common stock to its promoters in

exchange for their efforts, estimated to be worth $$56,000.$ The stock has no

stated value.

Note: Enter debits before credits. Record the issue of $2,250$ shares of $$75$ par value preferred stock for

$$224,750$ cash.

Note: Enter debits before credits.$[$The following information applies to the questions displayed below.$]$

Following are the issuances of stock transactions.

A corporation issued $9,000$ shares of $$20$ par value common stock for $$216,000$ cash.

A corporation issued $4,500$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated

to be worth $$56,000.$ The stock has a $$1$ per share stated value.

A corporation issued $4,500$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated

to be worth $$56,000.$ The stock has no stated value.

A corporation issued $2,250$ shares of $$75$ par value preferred stock for $$224,750$ cash.

epare journal entries to record each of the following four separate issuances of stock.

Journal entry worksheet

A

B

C

D

Record the issue of $9,000$ shares of $$20$ par value common stock for $$216,000$

cash.

Note: Enter debits before credits.