Question

9.09 points Prepare jourmal entries to record the following four separate issuances of stock 1. A corporation issued 5,000 shares of $10 par value common stock for $60,000 cash 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts estimated to be worth $56.500. The stock has a $2 per share stated value 3. A corporation issued 2 .500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $56,500. The stock has no stated value 4. A corporation issued 1250 shares of $75 par value preferred stock for $150 250 Journal entry worksheet 1 23 4 Record the issue of 5,000 shares of $10 par value common stock for $60,000 cash



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