Business, 02.04.2021 19:00 BreBreDoeCCx

Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 8,000 shares of $10 par value common stock for $96,000 cash.
DATEGENERAL JOURNALDEBITCREDIT
1
2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,500. The stock has a $1 per share stated value.
DATEGENERAL JOURNALDEBITCREDIT
1
3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,500. The stock has no stated value.
DATEGENERAL JOURNALDEBITCREDIT
1
4. A corporation issued 2,000 shares of $50 par value preferred stock for $143,500 cash.
DATEGENERAL JOURNALDEBITCREDIT
1

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

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