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[ The following information applies to the questions displayed below. ] Following are the issuances of stock transactions. A corporation issued 7 , 0 0

[The following information applies to the questions displayed below.]
Following are the issuances of stock transactions.
A corporation issued 7,000 shares of $30 par value common stock for $252,000 cash.
A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has a $1 per share stated value.
A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,500. The stock has no stated value.
A corporation issued 1,750 shares of $50 par value preferred stock for $124,000 cash.
pare journal entries to record each of the following four separate issuances of stock.
Journal entry worksheet
A
B
C
D
Record the issue of 7,000 shares of $30 par value common stock for $252,000 cash.
Enter debits before credits.
\table[[ansaction,General Journal,Debit,Credit],[1,Cash,36,500,]]
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