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Required information [ The following information applies to the questions displayad below ] Following are the issuances of stock transactions. A corporation issued 2 ,

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Required information
[The following information applies to the questions displayad below]
Following are the issuances of stock transactions.
A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash.
A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,500. The stock has a $5 per share stated value.
A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,500. The stock has no stated value.
A corporation issued 500 shares of $50 par value preferred stock for $72,500 cash.
Analyze each transaction from issuances of stock by showing its effect on the accounting equationspecifically, identify the accounts and amounts (including + or -) for each transaction.
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