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journal entry separate issuances of stock Prepare journal entries to record...

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Accounting

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Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 5,000 shares of $30 par value common stock for $180,000 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 $48,500. 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 $48,500. The stock has no stated value. 4. A corporation issued 1,250 shares of $75 par value preferred stock for $142.250 cash. View transaction list Journal entry worksheet Record the issue of 5,000 shares of $30 par value common stock for $180,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit

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