use me runiowing inormation ror Ekeicisers *.2 oviow. (Mugo) The following information appiles to the questions dispiayed below] Following are the issubnces of stock transactions. 1. A corporation Issued 2,000 shares of $10 par value common stock for $24,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has a $5 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has no stated value. 4. A corporation issued 500 shares of $25 par value preferred stock for $61,000 cash, Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepore journal entries to record each of the following four separate issuances of stock. Journal entry worksheet D Record the issue of 2,000 shares of $10 par value common stock for $24,000 cash. Note: tinter debits before cridits. The following informsilion mpplles to the questions dispityed bolow] Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has a $5 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has no stated value. 4. A corporation issued 500 shares of $25 par value preferred stock for $61,000 cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock: Journal entry worksheet Record the issue of 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has a $5 per share stoted value. Note: Enter debita betore credits. (The following informstion applies to the questions displayed below) Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has a $5 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimsted to be worth $48,500. The stock has no stated value. 4. A corporation issued 500 shares of $25 par value preferred stock for $61,000cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare joumat enties to record each of the following four separate issuances of stock. Journal entry worksheet D Record the issue of 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has no stated value. Nole. Enter debits belore credits. The following information applies to the cuestions depisyed bolow? Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of $10 psr value common tock for $24,000cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has a $5 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500, The stock has no stated value. 4. A corporation issued 500 shares of $25 par value preferred stock for $61,000 cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare joumal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 500 shares of $25 par value preferred stock for $61,000 cash. Note: Enter detbits before credits