Business, 15.07.2020 02:01 brandondees25

Prepare journal entries to record the following four separate issuances of stock. A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $1 per share stated value. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value. A corporation issued 2,250 shares of $100 par value preferred stock for $268,000 cash. Record the issue of 9,000 shares of $10 par value common stock for $108,000 cash. Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $1 per share stated value. Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value. Record the issue of 2,250 shares of $100 par value preferred stock for $268,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit1

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

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