Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 5,000 shares of $10 par value common stock for $60,000 cash. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has a $1 per share stated value. 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has no stated value. 4. A corporation issued 1,250 shares of $50 par value preferred stock for $99,000 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. Assets 1. Cash (+) increase 60,000 1. 2. Cash (+) increase 36,500 2. Answer is not complete. Liabilities + = 2. 3. Cash (+) increase 36,500 = 34 3. 4. Cash 4. Equity + Common Stock, $10 Par Value (+) increase 50,000 + Paid-In Capital in Excess of Par Value, Common Stock (+) increase 10,000 + Common Stock, $1 stated value (+) increase 2,500 + Paid-In Capital in Excess of Stated Value, Common Stock (+) increase 34,000 + + Common stock dividend distributable (-) decrease 36,500 + (+) increase (+) increase 99,000 = + Preferred Stock, $50 Par Value (+) increase 62,500 Paid-In Capital in Excess of Par Value, Preferred Stock (+) increase 36,500