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

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

Following are the issuances of stock transactions.

A corporation issued $4,000$ shares of $$10$ par value common stock for $$48,000$ cash.

A corporation issued $2,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated

to be worth $$47,000.$ The stock has a $$2$ 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 $$47,000.$ The stock has no stated value.

A corporation issued $1,000$ shares of $$50$ par value preferred stock for $$97,000$ cash.

Exercise $11-5($Algo$)$ Analyzing impact of stock issuance transactions LO P$1$

Analyze each transaction from issuances of stock by showing its effect on the accounting equation $-$ specifically, identify the accounts

and amounts $($including $+$ or $-)$ for each transaction.