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  3. following are the issuances of stock transactions.

Following are the issuances of stock transactions. A corporation issued 4,000 shares of $20 par...

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Accounting

Following are the issuances of stock transactions.

A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash.

A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,500. The stock has a $2 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 $40,500. The stock has no stated value.

A corporation issued 1,000 shares of $50 par value preferred stock for $90,500 cash.

Analyze each transaction from issuances of stock by showing its effect on the accounting equation specifically, identify the accounts and amounts (including + or ) for each transaction.

Assets = Liabilities + Equity
1. = +
1. = +
2. = +
2. = +
2. = +
3. = +
3. = +
4. = +
4.

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