Business, 06.08.2021 23:00 juanitarodriguez

Prepare journal entries to record each of the following four separate issuances of stock. A corporation issued 7,000 shares of $20 par value common stock for $168,000 cash. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $1 per share stated value. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value. A corporation issued 1,750 shares of $75 par value preferred stock for $174,250 cash.

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