1. A corporation issued 7,000 shares of $20 par value common stock for $168,000 cash 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,500. The stock has a $1 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,500. The stock has no stated value. 4. A corporation issued 1,750 shares of $100 par value preferred stock for $221,500 cash. View transaction list Journal entry worksheet 1 2 3 4 Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,500. The stock has a $1 per share stated value. Note: Enter debits before credits. Credit Transaction General Journal Debit 2 Prev 13 of 21