Required information The following information applies to the questions displayed below) Following are the issuances of stock transactions, 1. A corporation issued 6,000 shares of $20 par value common stock for $144,000 cash. 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $99,000 cash, Prepare journal entries to record each of the following four separate issuances of stock View transaction list Journal entry worksheet B D Record the issue of 6,000 shares of $20 par value common stock for $144,000 cash Note: Enter debits before credits Credit Transaction Debit 144,000 1 General Journal Cash Common stock, S1 stated value Paid-in capital in excess of par value, Common stock 120,000 24,000 Following are the issuances of stock transactions. 1. A corporation issued 6,000 shares of $20 par value common stock for $144,000 cash 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value. 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $99,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value. Note: Enter debits before credits Credit Transaction Debit 24.000 General Journal Common stock, no par value Common stock, $1 stated value 2 3,000 21,000 Paid in capital in excess of par value, Common stock Record entry Clear entry View general Journal Following are the issuances of stock transactions, 1. A corporation issued 6,000 shares of $20 par value common stock for $144,000 cash 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $99,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet > D Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value Note: Enter debits before credits Debit Credit 24,000 Transaction General Journal Common stock, no-par value Common stock, no par value View general Journal Record entry Clear entry Following are the issuances of stock transactions 1. A corporation issued 6,000 shares of $20 par value common stock for $144,000 cash 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has a $1 per share stated value 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $99,000 cash. Prepare journal entries to record each of the following four separate issuances of stock View transaction lit Journal entry worksheet
