(The following information applies to the questions displayed below) Following are the issuances of stock transactions 1. A corporation issued 3,000 shares of $10 par value common stock for $36,000 cash 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $59,500. The stock has a $4 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $59,500. The stock has no stated value. 4. A corporation issued 750 shares of $25 par value preferred stock for $78.250 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 1 Cash Assets () increase 30,000 1 2 2 2 3. 3 4 Cash (+) increase 78.250- 4 Liabilities Equity Common Stock, $10 Par Value (+) increase 30.000 Paid-in Capital in Excess of Par Value Common Stock (+) increase . . . Organization Expenses