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[ The following information applies to the questions displayed below. ] Following are the issuances of stock transactions. A corporation issued 5 , 0 0

[The following information applies to the questions displayed below.]
Following are the issuances of stock transactions.
A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash.
A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $22,000. The stock has a $1 per share stated value.
A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $22,000. The stock has no stated value.
A corporation issued 1,250 shares of $100 par value preferred stock for $147,000 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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