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Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 8,000 shares of

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Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 8,000 shares of $20 par value common stock for $192,000 cash. 2. A corporation issued 4.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $27,000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $27,000. The stock has no stated value. 4. A corporation issued 2,000 shares of $75 par value preferred stock for $177,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. A Record the issue of 8,000 shares of $20 par value common stock for $192,000 cash. B Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $27,000. The stock has a $1 per share stated value. c Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $27,000. The stock has no stated value

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