Part 1 Solved

Requlred Information Use the following information for Exercises 4-5 below. (Static) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 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 $40,000. The stock has a $1 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 $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash. Exerclse 11-4 (Statlc) Recording stock Issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. Required Information Use the following Information for Exerclses 4-5 below. (Static) [The following informetion applies to the questions displayed below.] Following ore the lasusnces of stock trensactions. 1. A corporstion lasued 4,000 ahsres of $5 por vslue common stock for $35,000 cssh. 2 A corporstion lasued 2,000 shores of no-per comman stock to its promaters ln exchange for thelr efforts, estimated to be worth $40,000. The stock hos s $1 per ahsre stated volue. 3. A corporstion lasued 2,000 shore: of no-per comman stock to its promaters in exchange for thelr efforts, estimeted to be worth $40.000. The stock has no stated vilue. 4. A corporstion lasued 1,000 shore: of $50 porvalue preferred stock for $60,000css. Exercise 11-5 (Static) Analyzing Impact of stock Issuance transactions LO P1 Anolyze esch tronssction from lasusnces of stock by showng weffect on the sccounting equstion- speclficaly, lientify the sccounts and smounts (including + or -1 for esch transsction