Prepare the journal entries to record the following separate issuances of stock. 1.) A corporation...
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Accounting
Prepare the journal entries to record the following separate issuances of stock. 1.) A corporation issued 100 shares of $2 par value common stock for $6,500 2.) A corporation issued 320 shares of $4 par value preferred stock for $4,500 3.) A corporation issued 300 shares of no-par common stock to its promoters in exchange for their efforts estimated to be wor $8.000 The stock has a $5 stated value. 4.) A corporation issued 100 shares of no-par common stock in exchange for a building worth $250,000
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