ework A Saved Help [The following information applies to the questions displayed below.) Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29.000. The stock has no stated value, 4. A corporation issued 1,000 shares of $50 par value preferred stock for $79,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit < Prev 3 4 of 9 Next > МacВook Air DII F7 F3 F4 FS F2 @ 4 6 7 8 E R T Y D H J K R N M F. Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $79,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet ces C D Record the issue of 4,000 shares of $30 par value common stock for $144,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit < Prev 4 of 9 Next > MacBook Air DII F7 F4 23 & 2 3 5 7 W E R Y G H J K C V -* 00 B 的4

ework A Saved Help [The following information applies to the questions displayed below.) Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29.000. The stock has no stated value, 4. A corporation issued 1,000 shares of $50 par value preferred stock for $79,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit < Prev 3 4 of 9 Next > МacВook Air DII F7 F3 F4 FS F2 @ 4 6 7 8 E R T Y D H J K R N M F. Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $79,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet ces C D Record the issue of 4,000 shares of $30 par value common stock for $144,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit < Prev 4 of 9 Next > MacBook Air DII F7 F4 23 & 2 3 5 7 W E R Y G H J K C V -* 00 B 的4

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 3CE: Prepare general journal entries for the following transactions of GOTE Company: (a) Received...

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