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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 1 0

Required information
[The following information applies to the questions displayed below.]
Following are the issuances of stock transactions.
A corporation issued 10,000 shares of $10 par value common stock for $120,000 cash.
A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated
to be worth $56,500. The stock has a $1 per share stated value.
A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated
to be worth $56,500. The stock has no stated value.
A corporation issued 2,500 shares of $50 par value preferred stock for $181,500 cash.
repare journal entries to record each of the following four separate issuances of stock.
A Record the issue of 10,000 shares of $10 par value
common stock for $120,000 cash.
B Record the issue of 5,000 shares of no-par common stock
to its promoters in exchange for their efforts, estimated
to be worth $56,500. The stock has a $1 per share stated
value.
C Record the issue of 5,000 shares of no-par common stock
to its promoters in exchange for their efforts, estimated
to be worth $56,500. The stock has no stated value.
D Record the issue of 2,500 shares of $50 par value
preferred stock for $181,500 cash.[The following information applies to the questions displayed below.]
Following are the issuances of stock transactions.
A corporation issued 10,000 shares of $10 par value common stock for $120,000 cash.
A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $56,500. The stock has a $1 per share stated value.
A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $56,500. The stock has no stated value.
A corporation issued 2,500 shares of $50 par value preferred stock for $181,500 cash.
Prepare journal entries to record each of the following four separate issuances of stock.
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