Required information The following information applies to the questions displayed below.) Following are the issuances...
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Required information The following information applies to the questions displayed below.) Following are the issuances of stock transactions. 1. A corporation issued 8.000 shares of $10 par value common stock for $96,000 cash. 2. A corporation issued 4.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has no stated value. 4. A corporation issued 2000 shares of $25 par value preferred stock for $82,000 cash Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet A B D Record the issue of 8,000 shares of $10 par value common stock for $96,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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