Required information

Use the following information for Exercises 4-5 below. (Static)

Skip to question

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

Following are the issuances of stock transactions.

A corporation issued 4,000 shares of $5 par value common stock for $35,000 cash.

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.

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.

A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash.

	Assets			=	Liabilities			+	Equity
1.				=				+
1.				=				+
2.				=				+
2.				=				+
2.				=				+
3.				=				+
3.				=				+
4.				=				+
4.