Required information

Use the following information for Exercises $4-5$ below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Following are the issuances of stock transactions.

A corporation issued $10,000$ shares of $$10$ par value common stock for $$120,000$ cash.

A corporation issued $5,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$27,500.$ The stock has a $$1$ per share stated value.

A corporation issued $5,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$27,500.$ The stock has no stated value.

A corporation issued $2,500$ shares of $$50$ par value preferred stock for $$152,500$ cash.

Exercise $11-5($Algo$)$ Analyzing impact of stock issuance transactions LO P$1$

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.