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Exercise 11-5 (Static) Analyzing impact of stock issuance transactions LO P1 Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identify the accounts and amounts (including + or - ) for oach transaction. accourting equotion-specifically, identify the accounts Journal entry worksheet Record the issue of 4,000 shares of $5 par value common stock for $35,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 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. Note: Enter debits before credits. Journal entry worksheet Record the issue of 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. Note: Enter debits before credits. Journal entry worksheet Record the issue of 1,000 shares of $50 par value preferred stock for $60,000 cash. Note: Enter debits before credits. Use the following information for Exercises 4-5 below. (Static) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 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. Exercise 11-4 (Static) Recording stock issuances LO P1 Prepare joumal entries to record each of the following four separate issuances of stock. Pecord the issue of 4,000 shares of $5 par value common stock for $35,000 cash. Wotei Enter debits before credits. Journal entry worksheet Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth 540,000 . The stock has a $1 per share stated value. Note finter debits before credis. Journal entry worksheet A Record the issue of 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 yalue. Note: finter debits before credits. Journal entry worksheet Record the issue of 1,000 shares of $50 par value preferred stock for $60,000 cash. Notes Enter debats before credits