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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 2 ,

Required information
[The following information applies to the questions displayed below.]
Following are the issuances of stock transactions.
A corporation issued 2,000 shares of $20 par value common stock for $48,000 cash.
A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,500. The stock has a $3 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 $32,500. The stock has no stated value.
A corporation issued 500 shares of $100 par value preferred stock for $82,500 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.
\table[[,,,,=,Liabilities,+,],[1.,Cash,(+) increase,480,000,=,P,+,Common Stock, $20 Par V],[1.,,,,=,,+,],[2.,7,1,,=,P,+,],[2.,,,,=,P,+,],[2.,,p,,=,,+,1],[3.,5,1,,=,-,+,],[3.,p,P,,=,P,+,],[4.,P,1,,=,P,+,],[4.,,,,=,>,+,]]
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