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Required information [ The following information applies to the questions displayed below ] Following are the issuances of stock transactions. A corporation issued 5 ,

Required information
[The following information applies to the questions displayed below]
Following are the issuances of stock transactions.
A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash.
A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,000. The stock has a $2 per share stated value.
A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,000. The stock has no stated value.
A corporation issued 1,250 shares of $75 par value preferred stock for $131,750 cash.
Analyze each transaction from issuances of stock by showing its effect on the accounting equation - specifically, identify the accounts and amounts (including + or -) for each transaction.
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