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Prepare journal entries to record the following four separate issuances of stock 1. A corporation...

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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 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,500. The stock has a $2 per share stated value 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth 4. A corporation issued 1,000 shares of $75 par value preferred stock for $122,500 cash. $47,500. The stock has no stated value Journal entry worksheet Record the issue of 4,000 shares of $20 par value common stock for $96,000 Prey de 1 of 6Next>

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