C aw 11 Required information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash. 2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has a $0 per share stated value. 3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has no stated value. 4. A corporation issued 2,250 shares of $50 par value preferred stock for $134,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet A B с + D Q Search Prev 1 of 6 Next >
C aw 11 Required information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash. 2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has a $0 per share stated value. 3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has no stated value. 4. A corporation issued 2,250 shares of $50 par value preferred stock for $134,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet A B с + D Q Search Prev 1 of 6 Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![C
aw
11
Required information
[The following information applies to the questions displayed below]
Following are the issuances of stock transactions.
1. A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash.
2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts,
estimated to be worth $21,500. The stock has a $0 per share stated value.
3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts,
estimated to be worth $21,500. The stock has no stated value.
4. A corporation issued 2,250 shares of $50 par value preferred stock for $134,000 cash.
Prepare journal entries to record each of the following four separate issuances of stock.
View transaction list
Journal entry worksheet
A
B
C
#
D
Q Search
Prev 1 of 6
Next >
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Transcribed Image Text:C
aw
11
Required information
[The following information applies to the questions displayed below]
Following are the issuances of stock transactions.
1. A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash.
2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts,
estimated to be worth $21,500. The stock has a $0 per share stated value.
3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts,
estimated to be worth $21,500. The stock has no stated value.
4. A corporation issued 2,250 shares of $50 par value preferred stock for $134,000 cash.
Prepare journal entries to record each of the following four separate issuances of stock.
View transaction list
Journal entry worksheet
A
B
C
#
D
Q Search
Prev 1 of 6
Next >
O
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