Business, 26.03.2021 01:00 shyyyy13

Prepare journal entries to record each of the following four separate issuances of stock. A corporation issued 2,000 shares of $30 par value common stock for $72,000 cash. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has a $3 per share stated value. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has no stated value. A corporation issued 500 shares of $100 par value preferred stock for $81,000 cash.

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

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