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What am I missing on entry 2? Exercise 13-4 Recording stock Issuances LO P1 Prepare journal entries to record each of the following four separate

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What am I missing on entry 2?

Exercise 13-4 Recording stock Issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock 1. A corporation issued 9.000 shares of $10 par value common stock for $108,000 cash. 2. A corporation issued 4.500 shares of no-par common stock to its promoters in exchange for their efforts. estimated to be worth $21,000. The stock has a $0 per share stated value. 3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,000. The stock has no stated value. 4. A corporation issued 2.250 shares of $100 par value preferred stock for $246.000 cash. Answer is not complete. Debit No Credit General Journal Transaction A 1 Cash 108,000 Common stock. $10 par value Paid-in capital in excess of par value, Common stock Sool 90,000 18.000 21,000 B 2 Organization expenses Common stock, SO stated value 00 21.000 X 21.000 S Organization expenses Common stock, no-par value 21.000 246.000 D 4 Cash Preferred stook. S100 par value Pald.in capital in excess of par value preferred stock 225.000 21.000

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