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 $5 par value common stock for $24,000 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 $53,000. The stock has a $3 per share stated value. 3. A corporation issued 2,00 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $103,000 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. 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 II = Liabilities 1. = 1. 2. = 2. 2. 3. = 3. = 4. 4. effect on the accounting equation, specifically, saction. = Liabilities + Equity = + + + 11 + + = + = + = + 11 + II =