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use these terms or terms similar for the journal^ Prepare journal entries to record each of the following four separate issuances of stock. 1. A

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use these terms or terms similar for the journal^
Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6,000 shares of $20 par value common stock for $144,000 cash. 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has a $1 per share stated value. 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $99,500 cash. Journal entry worksheet A A B C D Record the issue of 6,000 shares of $20 par value common stock for $144,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Journal entry worksheet

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