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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 9,000 shares of
Required information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 9,000 shares of $10 par value common stock for $108,000cash. 2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has a $0 per share stated value. 3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts. estimated to be worth $21,500. The stock has no stated value. 4. A corporation issued 2,250 shares of $50 par value preferred stock for $134,000 cash. Prepare journal entries to record each of the following four separate issuances of stock
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