Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $20 par value common stock for $240,000 cash. 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $27,500. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $27,500. The stock has no stated value. 4. A corporation issued 2,500 shares of $25 par value preferred stock for $90,000 cash. Analyze each transaction from issuances of stock by showing its effect on the accounting equation - specifically, identify the accounts Ind amounts (including + or - ) for each transaction
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