Chapter Review 13-14 Extra Credo Help Exercise 13-3 Recording stock issuances LO P1 Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash, 20 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $45,000. The stock has a $2 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 $45,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $95,000 cash. Journal entry worksheet Record the issue of 4,000 shares of $10 par value common stock for $48,000 cash. Enter debits before credits Debit Credit Prev 1 ot 10 Next > i Chapter Review 13-14 (Extra Credit) 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their effor $45,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their effo 20 points $45,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $95,000 cash. Skipped View transaction list eBook 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 $45,000. The stock has a $2 per share stated value. Note: Enter debits before credits References General Journal Debit Credit Record entry Clear entry View general journal lot 10 Next> 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for thei $45,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for thei $45,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $95,000 cash. View trans tion list Journal entry worksheet 2 3 Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $45,000. The stock has no stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit Clear entry View general journal Record entry Prev 1of 10 Next 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their effor $45,000. The stock has a $2 per share stated value. 2. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their effor 4. A corporation issued 1,000 shares of $50 par value preferred stock for $95,000 cash. $45,000. The stock has no stated value. View transaction list Journal entry worksheet Record the issue of 1,000 shares of $50 par value preferred stock for $95,000 cash. Note: Enter debits before credits Transaction General Journal Debit Credit Clear entry View general journal Record entry prev 1of 10 ill Next> 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash. corporation issued 2,000 shares of no-par common stock to its promoters in exchange $45,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange $45,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $95.000 cash. View transaction list Journal entry worksheet Record the cash. Building Cash Note: Enter deb Common dividend payable Common stock diyidend distributable Transaction Credit Record entry Clear entry View general journal 1 of 10 Next The stock has a $2 per share stated value. ation issued 2,000 shares of no-par common stock to its promote The stock has no stated value. ation issued 1,000 shares of $50 par value preferred stock for $9 action list al entry worksheet 2 4 Common stock, $10 par value Common stock, $2 par value Common stock, $2 stated value 3 d the ter deb. Common stock, no-par value Contributed capital, treasury stock ction cord entry Clear entry View ger $45,000. The stock has a $2 per share stated value. A corporation issued 2,000 shares of no-par common stock to its promoters in exch $45,000. The stock has no stated value. A corporation issued 1,000 shares of $50 par value preferred stock for $95,000 cas View transaction list Journal entry worksheet 2 Contributed capital, treasury stock Income summary Inventory Land 3 4 Record the cash. Note: Enter deb Machinery Transaction Note pavable Credit Machinery Record entry Clear entry View general jou 1 of 10 corporation issued 4,000 shares of $10 par value common stock for $48,000 cash. corporation issued 2,000 shares of no-par common stock to its promoters in exchang 45,000. The stock has a $2 per share stated value. corporation issued 2.000 shares of no-par common stock to its promoters in exchang 45,000 The stock has no stated value. corporation issued 1,000 shares of $50 par value preferred stock for $95,000 cash iew transaction list Journal entry worksheet 2 3 4 Note payable Record the Organization expenses cash. Paid-in capital in excess of par value, Common stock Paid-in capital in excess of par value, preferred stock Note: Enter debPaid-in capital in excess of stated value, common stock TransactionPreferred stock. S0.50 par value Credit 4 Machinery View general journal Record entry Clear entry 1 of 10 lE corporation issued 2,000 shares of no-par common stock to its promoters in exchan $45,000. The stock has no stated value. . A corporation issued 1,000 shares of $50 par value preferred stock for $95,000 cash. View transaction list Journal entry worksheet 4 Preferred stock, $1 stated value Preferred stock, $1 stated value Preferred stock, $10 par value Preferred stock, $5 par value Preferred stock, $50 par value Record the cash. Note: Enter deb Transaction Credit Machinery Record entry Clear entry View general journal Prev 1 of 10 : Next totilmon unuits ul io pa alue stock for $48,000 cash. 2. Acorpor ation issued 2,000 shares of no-par common stock to its promoters in exchang $45,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 sh ares of no-par common stock to its promoters in exchang $45,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $95,000 cash. View transaction list Journal entry worksheet 2 Preferred stock, $1 stated value Preferred stock, $10 par value Preferred stock, $5 par value Preferred stock, $50 par value Preferred stock, no-par value 4 Record the cash. Note: Enter deb Transaction Credit Machinery 4 Record entry Clear entry View general journal prev1 of 10 Next