se 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 6,000 shares of $10 par value common stock for $72,000 cash.

A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,000. The stock has a $2 per share stated value.

A corporation issued 3,000 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.

A corporation issued 1,500 shares of $100 par value preferred stock for $203,000 cash.

Exercise 11-4 (Algo) Recording stock issuances LO P1

Prepare journal entries to record each of the following four separate issuances of stock.

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 6,000 shares of $10 par value common stock for $72,000 cash. 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,000. The stock has a $2 per share stated value. 3. A corporation issued 3,000 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 1,500 shares of $100 par value preferred stock for $203,000 cash. xercise 11-4 (Algo) Recording stock issuances LO P1 repare journal entries to record each of the following four separate issuances of stock