Chapter $13$ Hamework B $($i$)$

$3$

Part $2$ of $2$

Required Information

Use the following Informatlon for Exerclses $4-5$ below. $($Algo$)$

$[$The following information applies to the questions alsplayed below$]$

$9$

Following are the lesusnces of stack transactions.

A corparstion lasued $5,000$ shares of $$10$ par value comman stock for $$60,000$cash.

$2$ A corporstion lseued $2,500$ shares of no$-$por common atock to is promaters in exchange for their efforts, estimated to be warth $$55,000.$ The stock has a $$2$ per share stated value.

$3.$ A corparstion lsaued $2,500$ shares of no$-$por comman atock to it promaters in exchange for their efforta, estimated to be warth $$55,000.$ The stock has no stated volue.

$4.$ A corporation lasued $1,250$ shares of $$75$ par value preferred stock for $$149,750$cssh$.$

Exercise $13-5($Algo$)$ Analyzing Impact of stock Issuance transactions LO P$1$

Anoljze esch transaction from lasusnces of stock by showing its effect on the sccounting equation$-$ specificaly, Identify the sccounts and amounts lincluding $+$ or $-1$ for esch transaction.

Ascets $=$ Lablities Equity $1.$ Cash $=(-1)$ dacrase $+$ Pald$-$ln Captal in Excers of Par Valus, Common Stock $(+)$ incresse $1.=+2.$ Organization Exponses $=(-1$ dacraze $+$ Paid$-$h Captal In Exomas of Stised Nalar. Common Stock $(+)$ incroses $2.=+2.=+3.(-)$ docrease $=-1$ docranas $+$ Drganization Eeponses $($i$-)$ docross $3.=+4.$ Cash $=(-1)$ docranam $+$ Fard$-$n Captal h Exceas of Par Valus, Priflomed Stook. $(+)$ incroase $4.=+$ and the titels for the journ entry is Accounts payable

Accounts receivable

Accumulated depreciation$$Building

Accumulated depreciation$$Equipment

Building

Cash

Common dividend payable

Common stock dividend distributable

Common Stock, $$10$ Par Value

Common stock, $$11$ par value

Common Stock, $$2$ stated value

Common Stock, $$3$ stated value

Common Stock, No$-$Par Value

Cost of goods sold

Depreciation expense$$Building

Depreciation expense$$Equipment

Equipment

Income summary

Interest expense

Interest revenue

Inventory

Land

Note payable

Organization Expenses

Paid$-$In Capital in Excess of Par Value, Common Stock

Paid$-$In Capital in Excess of Par Value, Preferred Stock

Paid$-$In Capital in Excess of Stated Value, Common Stock

Paid$-$in capital, treasury stock

Preferred stock, $$100$ par value

Preferred Stock, $$75$ Par Value

Rent expense

Retained earnings

Salaries expense

Sales

Sales discounts

Sales returns and allowances

Supplies

Supplies expense

Treasury stock

please provide the answers in the format that is showed in the picture thank you i really appreciate the help