1. A corporation issued 7,000 shares of $30 par value common stock for $252,000 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 $49,000. 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 $49,000. The stock has no stated value. 4. A corporation issued 1,750 shares of $25 par value preferred stock for $92,750 cash. View transaction list Journal entry worksheet B C D Record the issue of 7,000 shares of $30 par value common stock for $252,000 cash Note: Enter debits before credits. Transaction General Journal Debit Credit Prey 1 of 8 Next > 1. A corporation issued 7,000 shares of $30 par value common stock for $252,000 cash. 2. A corporation issued 3,500 shares of no par common stock to its promoters in exchange for their efforts. estimated to be word $49,000. 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 wort $49,000. The stock has no stated value. 4. A corporation issued 1,750 shares of $25 par value preferred stock for $92,750 cash. View transaction list Journal entry worksheet 1. A corporation issued 7.000 shares of $30 par value common stock for $252.000 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 $49,000. 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 $49.000. The stock has no stated value. 4. A corporation issued 1,750 shares of $25 par value preferred stock for $92,750 cash. eBook Hint View transaction list erences Journal entry worksheet