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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 shares of $ par value common stock for $ cash. A corporation issued shares of nopar common stock to its promoters in exchange for their efforts, estimated to be worth $ The stock has a $ per share stated value. A corporation issued shares of nopar common stock to its promoters in exchange for their efforts, estimated to be worth $ The stock has no stated value. A corporation issued shares of $ par value preferred stock for $ cash. Prepare journal entries to record each of the following four separate issuances of stock. A Record the issue of shares of $ par value common stock for $ cash. B Record the issue of shares of nopar common stock to its promoters in exchange for their efforts, estimated to be worth $ The stock has a $ per share stated value. C Record the issue of shares of nopar common stock to its promoters in exchange for their efforts, estimated to be worth $ The stock has no stated value. D Record the issue of shares of $ par value preferred stock for $ cash. Note : journal entry has been entered
Required information
The following information applies to the questions displayed below.
Following are the issuances of stock transactions.
A corporation issued shares of $ par value common stock for $ cash.
A corporation issued shares of nopar common stock to its promoters in exchange for their efforts, estimated
to be worth $ The stock has a $ per share stated value.
A corporation issued shares of nopar common stock to its promoters in exchange for their efforts, estimated
to be worth $ The stock has no stated value.
A corporation issued shares of $ par value preferred stock for $ cash.
Prepare journal entries to record each of the following four separate issuances of stock.
A Record the issue of shares of $ par value
common stock for $ cash.
B Record the issue of shares of nopar common stock
to its promoters in exchange for their efforts, estimated
to be worth $ The stock has a $ per share stated
value.
C Record the issue of shares of nopar common stock
to its promoters in exchange for their efforts, estimated
to be worth $ The stock has no stated value.
D Record the issue of shares of $ par value
preferred stock for $ cash.
Note : journal entry has been entered
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