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 $10 par value common stock for $48.000 cash 2. A corporation issued 2,000 shares of no par common stock to its promoters in exchange for the efforts, estimated to be worth $54,500. The stock has a 53 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 $54,500. The stock has no stated value 4. A corporation issued 1,000 shares of $50 per value preferred stock for $104,500 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 EM 1 1 2 2 2 3