Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $5 par...

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Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $5 par value common stock for $60,000 cash 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $59,000. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $59,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $50 par value preferred stock for $184,000 cash Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate Issuances of stock Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $5 par value common stock for $60,000 cash 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $59,000. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $59,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $50 par value preferred stock for $184,000 cash Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate Issuances of stock

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