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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 4,000 shares of $10 par value common stock for $48,000 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 $58,500. The stock has a $3 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 $58,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $133,500 cash. Exercise 13-5 (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 Cham
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