Required information Journal entry worksheet

A

B

C

D

Record the issue of $7,000$ shares of $$5$ par value common stock for $$42,000$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$ Journal entry worksheet

A

B

C

D

Record the issue of $3,500$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$55,000.$ The stock has a $$2$ per share stated value.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[2,,,],[,,,],[,,,],[,,,],[,,,]]$ Journal entry worksheet

A

B

C

D

Record the issue of $3,500$ shares of no$-$par common stock to its promoters in

exchange for their efforts, estimated to be worth $$55,000.$ The stock has no

stated value.

Note: Enter debits before credits.Journal entry worksheet

A

B

C

D

Record the issue of $1,750$ shares of $$75$ par value preferred stock for $$186,250$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[4,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

$[$The following information applies to the questions displayed below.$]$

Following are the issuances of stock transactions.

A corporation issued $7,000$ shares of $$5$ par value common stock for $$42,000$ cash.

A corporation issued $3,500$ shares of no$-$par common stock to its promoters in exchange for their efforts,

estimated to be worth $$55,000.$ The stock has a $$2$ per share stated value.

A corporation issued $3,500$ shares of no$-$par common stock to its promoters in exchange for their efforts,

estimated to be worth $$55,000.$ The stock has no stated value.

A corporation issued $1,750$ shares of $$75$ par value preferred stock for $$186,250$ cash.