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Required informotion Use the following information for Exereises 4-5 below. (Algo) The following information appoes fo the questions desplayed betow) Following are the issuances of stock transoctions: 1. A corporation hsued 10,000 shares of $10 par value common stock for $120000cash 2. A corporation issoed 5,000 shares of no-par common stock to its promolers in eschange for their efforts estimated to be worth $44,000. The stock has a $1 per share stated value 3. A corpocobon issued 5.000 shares of no-par common stock to its promaters in exchange for their efforts. estimated to be worth $44,000. The stock has no stated valoe 4.A corporation issued 2500 shares of $50 par value prefered stock for $169.000 cash Exercise 11.4 (Algo) Recording stock issuances LO P1 Prepare foumal entrles to recoid each of the following lour separate isurances of stock. Journal entry worksheet Record the issue of 10,000 shares of $10 par value common stock for $120,000 cash. Note: Enter debits before credits. Journal entry worksheet (A. D Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has no stated value. Note: Enter debits before credits. Journal entry worksheet Record the issue of 2,500 shares of $50 par value preferred stock for $169,000 cash. Note: Enter debts before credits Record the issue of 5,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has a $1 per share stated value. Foter Enger oebits before credits

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