Chapter 11 Homework i Prepare journal entries to record each of the following...
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Accounting
Chapter 11 Homework i Prepare journal entries to record each of the following four separate issuances of stock. points 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 $45,500. The stock has a $2 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 $45,500. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $120,500 cash. eBook View transaction list Hint Journal entry worksheet Print 2 3 4 References 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 Record entry Clear entry View general journal
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