Required information Use the following information for Exercises 4-5 below. (Algo) Skip to question [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. A corporation issued 3,000 shares of $10 par value common stock for $36,000 cash. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $4 per share stated value. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has no stated value. A corporation issued 750 shares of $100 par value preferred stock for $129,000 cash.

! 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 3,000 shares of $10 par value common stock for $36,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $4 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has no stated value. 4. A corporation issued 750 shares of $100 par value preferred stock for $129,000 cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet Record the issue of 3,000 shares of $10 par value common stock for $36,000 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal Journal entry worksheet A B D Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $4 per share stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has no stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record entry Clear entry View general journal Journal entry worksheet Record the issue of 750 shares of $100 par value preferred stock for $129,000 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 4 Record entry Clear entry View general journal 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. Assets Liabilities Equity 1. = + 2 - + + + 3. + + 4 +