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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 of

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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 of stock transactions 1. A corporation issued 2,000 shares of $20 par value common stock for $48.000 cash. 2. A corporation issued 1,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $5 per share stated value 3. A corporation issued 1,000 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 500 shares of $50 par value preferred stock for $79.000 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 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 Assets Liabilities Equity 1 Cash ().crease 48.000 Common Stock, No Par Valve 1 . 2 2 2. 3 AN 3 4 Se 11: Next Ek issuance transactions LO P1 wing its effect on the accounting equation-specifically, identify the accounts Liabilities Equity 48,000 Common Stock, No-Par Value

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