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[ The following information applies to the questions displayed below. ] Following are the issuances of stock transactions. A corporation issued 4 , 0 0

[The following information applies to the questions displayed below.]
Following are the issuances of stock transactions.
A corporation issued 4,000 shares of $5 par value common stock for $35,000 cash.
A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $1 per share stated value.
A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value.
A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash.
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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