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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 4,000 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 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $22,000. The stock has a $1 per share stated value 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $22,000. The stock has no stated value 4. A corporation issued 1,000 shares of $75 par value preferred stock for $97.000 cash Prepare journal entries to record each of the following four separate issuances of stock View transaction list View journal entry worksheet No Transation General Journal Credit Debit 96,000 A Cash Required information The following information applies to the questions displayed below) Following are the issuances of stock transactions 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $22,000. The stock has a $1 per share stated value 3. A corporation issued 2,000 shares of no-por common stock to its promoters in exchange for their efforts, estimated to be worth $22,000. The stock has no stated value 4. A corporation issued 1,000 shares of $75 par value preferred stock for $97000 cash yze each transaction from Issuances of stock by showing its effect on the accounting equation specifically, identify the accounts amounts (including + or -) for each transaction Assets Liabilities Egu Cash 12

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