Required information

Use the following information for Exercises 4-5 below. (Algo)

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[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 $39,500. The stock has a $3 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 $39,500. The stock has no stated value.

A corporation issued 750 shares of $75 par value preferred stock for $95,750 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 $39,500. The stock has a $3 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 $39.500. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $95,750 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 A B D > 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 View transaction list Journal entry worksheet A 00 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 $39,500. The stock has a $3 per share stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 N Record entry Clear entry View general journal View transaction list 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 $39,500. The stock has no stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record entry Clear entry View general journal View transaction list Journal entry worksheet