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Required information Use the following information for Exercises 45 below. (Algo) [The following information applies to the questions displayed below] Following are the issuances of

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Required information Use the following information for Exercises 45 below. (Algo) [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 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 $23,000. The stock has a $1 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 $23,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $100 par value preferred stock for $123,000 cash

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