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Requlred 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
Requlred 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 $30 par value common stock for $72,000 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 $43,000. The stock has a $4 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 $43,000. The stock has no stated value. 4. A corporation issued 500 shares of $50 par value preferred stock for $68,000 cash. Exerclse 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
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