Following are the issuances of stock transactions. 1. A corporation issued 6,000 shares of $20 par value common stock for $144,000 cash. 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,500. The stock has a $2 per share stated value. 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,500. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $127,500 cash. Q: 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.
Following are the issuances of stock transactions.
1. A corporation issued 6,000 shares of $20 par value common stock for $144,000 cash.
2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,500. The stock has a $2 per share stated value.
3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,500. The stock has no stated value.
4. A corporation issued 1,500 shares of $50 par value
Q: Analyze each transaction from issuances of stock by showing its effect on the
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