Use the following information for Exercises 4 5 below (Static) Skip to question 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 Journal entry worksheet Record the issue of 4,000 shares of $5 par value common stock for $35,000 cash Note Enter debits before credits Journal entry worksheet Record the issue of 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 Note Enter debits before credits Journal entry worksheet Record the issue of 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 Note Enter debits before credits Journal entry worksheet Record the issue of 1,000 shares of $50 par value preferred stock for $60,000 cash Note Enter debits before credits

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Use the following information for Exercises 4-5 below. (Static) Skip to question [The following information applies to the questions displayed below.] Following are the issuances

Use the following information for Exercises 4-5 below. (Static)

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[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. image text in transcribed

Journal entry worksheet Record the issue of 4,000 shares of $5 par value common stock for $35,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 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. Note: Enter debits before credits. Journal entry worksheet Record the issue of 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. Note: Enter debits before credits. Journal entry worksheet Record the issue of 1,000 shares of $50 par value preferred stock for $60,000 cash. Note: Enter debits before credits