Analyze each transaction from Exercise 13-4 by showing its effect on the accounting equation— specifically, identify the accounts and amounts (including + or −) for each transaction.

Data From Exercise 13-4

Prepare journal entries to record each of the following four separate issuances of stock.
1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 cash.
2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $1 per share stated value.
3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value.
4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash.