Following are the issuances of stock transactions 1A corporation issued 4,000 shares of $10 par value common stock for $48.000 cash 2A corporation issued 2.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has a $3 per share stated value 3. A corporation issued 2000 shares of no par common stock to ts promoters in exchange for their efforts, estimated to be worth $54.500. The stock has no stated value 4. A corporation issued 1000 shares of $50 par value preferred stock for $104,500 cash. Analyze each transaction from isuances of stock by showing its effect on the accounting equation-specifically, idensity the accounts and amounts (including or- for each transaction.
Following are the issuances of stock transactions 1A corporation issued 4,000 shares of $10 par value common stock for $48.000 cash 2A corporation issued 2.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has a $3 per share stated value 3. A corporation issued 2000 shares of no par common stock to ts promoters in exchange for their efforts, estimated to be worth $54.500. The stock has no stated value 4. A corporation issued 1000 shares of $50 par value preferred stock for $104,500 cash. Analyze each transaction from isuances of stock by showing its effect on the accounting equation-specifically, idensity the accounts and amounts (including or- for each transaction.
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 4R: The following selected transactions and events occurred during 2013: a. Issued 200 shares of...
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