Required information

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

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

Following are the issuances of stock transactions.

A corporation issued $4,000$ shares of $$5$ par value common stock for $$35,000$ cash.

A corporation issued $2,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$40,000.$ The stock has a $$1$ per share stated value.

A corporation issued $2,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$40,000.$ The stock has no stated value.

A corporation issued $1,000$ shares of $$50$ par value preferred stock for $$60,000$ cash.

Exercise $11-5($Static$)$ 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.

$\backslash$table$[[,$Assets,$=,$Liabilities,$+,$Equity$],[1.,$Cash,$(+)$ increase,$35,000,=,,,,+,\backslash$table$[[$Paid$-$In Capital in Excess of Par$],[$Value$,$ Common Stock$]],(+)$ increase,$15,000],[1.,,,,=,,,,+,$Common Stock, $$5$ Par Value,$(+)$ increase,$20,000],[2.,,,,=,$Organization Expenses,$(-)$ decrease,$40,000,+,$Common Stock, $$1$ Stated Value,$(+)$ increase,$2,000],[2.,,,,=,,,,+,\backslash$table$[[$Paid$-$In Capital in Excess of Stated$],[$Value$,$ Common Stock$]],(+)$ increase,$38,000],[2.,,,,=,,,,+,,,],[3.,,,,=,,,,+,,,],[4.,,,,=,,,,+,,,],[4.,,,,=,,,,+,,,]]$Required information Use the following information for Exercises $4-5$ below. $($Static$)[$The following information applies to the questions displayed below.$]$ Following are the issuances of stock transactions. $1.$ A corporation issued $4,000$ shares of $\backslash (\backslash$$ $5\backslash )$ par value common stock for $\backslash (\backslash$$ $35,000\backslash )$ 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 $\backslash (\backslash$$ $40,000\backslash ).$ The stock has a $\backslash (\backslash$$ $1\backslash )$ 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 $\backslash (\backslash$$ $40,000\backslash ).$ The stock has no stated value. $4.$ A corporation issued $1,000$ shares of $\backslash (\backslash$$ $50\backslash )$ par value preferred stock for $\backslash (\backslash$$ $60,000\backslash )$ cash. Exercise $11-5($Static$)$ 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 $+$ of $\backslash (-\backslash ))$ for each transaction.Exercise $\backslash (11-5\backslash )($Static$)$ Analyzing impact of stock issuance transactions LO P$1$ Aralyze each transaction from issuances of stock by showing its effect on the accounting equation$-$specifically, identify the accounts and amounts $($including $+$ or $\backslash (-\backslash ))$ for each transaction.stock issuance transactions LO P$1$ showing its effect on the accounting equation$-$specifically, identify the accounts