Help Save & Exit Su N Check my w Exercise 11-3 Recording stock issuances LO P1 Prepare journal entries to record the following four separate issuances of stock. points eBook 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 efforts, estimated to be worth $30,500. 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 $30,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $80,500 cash. 19 Hint View transaction list Ask Journal entry worksheet Print References Record the issue of 4.000 shares of S10 par value common stock for $48.0 cash Note: Enter debits before credits Debit Credit Transaction General Journal View general journal Clear entry Exercise 11-3 Recording stock issuances LO P1 1.7 points Prepare journal entries to record the following four separate issuances of stock. eBook 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 efforts, estimated to be worth $30,500. 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 $30,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $80,500 cash. Hint View transaction list Ask Journal entry worksheet Print