**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. **Journal Entries** Prepare journal entries to record each of the four separate issuances of stock. **Journal Entry Worksheet** - **Transaction 2:** - 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. **Table: Journal Entry** | Transaction | General Journal | Debit | Credit | |-------------|-----------------|-------|--------| | 2 | | | | (Note: Remember to fill in the appropriate debits and credits for each transaction.) **Required Information** *The following information applies to the questions displayed below.* The 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. **Journal Entry Worksheet** - **A:** Debit and Credit columns are provided but no information has been filled in yet. An interactive element labeled "View transaction list" can be used to access additional details. **Instructions:** - Record the issue of 4,000 shares of $30 par value common stock for $144,000 cash in the journal entry table provided under "Transaction." The worksheet shows placeholders for journal entry details with space allocated for recording debits and credits, but these have not yet been filled out. Below the worksheet entry example, there are multiple pages indicated, such as "Prev" and "Next," suggesting more entries or information is available on other pages.

stock refers to issued stock that is currently held by stockholders. O Authorized O Outstanding O Market Issued

Prepare the journal entry to record Zende Company's issuance of 79,000 shares of $8 par value common stock assuming the shares sell for: a. $8 cash per share. b. $9 cash per share. View transaction list Journal entry worksheet

Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet using Method 1 ofExhibit 8. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.   One hundred thousand shares of common stock are authorized, and 5,000 shares have been reacquired.   Common Stock, $2 par$ 150,000Paid-In Capital from Sale of Treasury Stock60,000Paid-In Capital in Excess of Par—Common Stock2,250,000Retained Earnings10,880,000Treasury Stock140,000.