Required Information
Use the following information for Exercises below. Algo
The following information applles to the questions displayed below.
Following are the issuances of stock transactions.
A corporation issued shares of $ par value common stock for $ cash.
A corporation issued shares of nopar common stock to Its promoters in exchange for thelr efforts, estimated
to be worth $ The stock has a $ per share stated value.
A corporation issued shares of nopar common stock to Its promoters in exchange for thelr efforts, estimated
to be worth $ The stock has no stated value.
A corporation Issued shares of $ par value preferred stock for $ cash.
Exercise Algo Recording stock issuances LO P
Prepare journal entrles to record each of the following four separate issuances of stock.
Journal entry worksheet
Record the issue of shares of $ par value common stock for $
cash.
Note: Enter debits before credits.
