Question: Name: Date: Cells highlighted in green contain a drop-down list; select the appropriate account/response from the li Prepare joumal entries to record the following four

Name: Date: Cells highlighted in green contain a drop-down list; select

Name: Date: Cells highlighted in green contain a drop-down list; select the appropriate account/response from the li Prepare joumal entries to record the following four separate issuances of stock. 1. 2 A corporation issued 3,000 shares of $5 par value common stock for $18,000 cash. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $4 per share stated value. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has no stated value. A corporation issued 750 shares of $25 par value preferred stock for $72,750 cash. 3. 4 Transaction General Journal Debit Credit 2. 3. 4

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