Question: please post answer with full image Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 8,000 shares of




Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 8,000 shares of $10 par value common stock for $96.000 cash, 2. A corporation issued 4,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value 3. A corporation issued 4,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has no stated value 4. A corporation issued 2,000 shares of $75 per value preferred stock for $179.000 cash. View transaction list Journal entry worksheet Record the issue of 8,000 shares of $10 par value common stock for $96,000 cash. Note: Enter debits before credits Debit General Journal Transaction Credit 1 Clear entry Record entry View general journal Journal entry worksheet 1 2 3 4 Record the issue of 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. Note: Enter debits before credits Transaction 2 General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet
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