Required information Journal entry worksheet

A

C

D

Record the issue of $4,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$47,500.$ The stock has a $$1$ 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 $4,000$ shares of no$-$par common stock to its promoters in

exchange for their efforts, estimated to be worth $$47,500.$ The stock has no

stated value.

Note: Enter debits before credits. Journal entry worksheet

A

B

C

Record the issue of $2,000$ shares of $$50$ par value preferred stock for

$$147,500$ cash.

Note: Enter debits before credits.

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

Following are the issuances of stock transactions.

A corporation issued $8,000$ shares of $$20$ par value common stock for $$192,000$ cash.

A corporation issued $4,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated

to be worth $$47,500.$ The stock has a $$1$ per share stated value.

A corporation issued $4,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated

to be worth $$47,500.$ The stock has no stated value.

A corporation issued $2,000$ shares of $$50$ par value preferred stock for $$147,500$ cash.

Prepare journal entries to record each of the following four separate issuances of stock.

Journal entry worksheet

A

B

C

D

Record the issue of $8,000$ shares of $$20$ par value common stock for $$192,000$

cash.

Note: Enter debits before credits.