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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
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 1. A corporation issued 8,000 shares of $10 par value common stock for $96,000 cash 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $33,500. The stock has a $1 per share stated value.. 3. A corporation issued 4,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $33,500. The stock has no stated value 4. A corporation issued 2,000 shares of $100 par value preferred stock for $233,500 cash Exercise 11-5 (Algo) Analyzing impact of stock issuance transactions LO P1 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 1 2 3 4 Assets Liabilities Equity
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