1 Exercise 11-4 Recording stock Issuances LO P1 1.42 points 04:47:52 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6.000 shares of $10 par value common stock for $72,000 cash. 2. A corporation issued 3.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,500. The stock has a $2 per share stated value. 3. A corporation issued 3.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,500. The stock has no stated value. 4. A corporation issued 1.500 shares of $50 par value preferred stock for $124.500 cash. eBook View transaction list Hint Print Journal entry worksheet References Record the issue of 5,000 shares of $10 par value common stock for $72,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal 2 Exercise 11-5 Stock Issuance for noncash assets LO P1 1.42 points Sudoku Company issues 35,000 shares of $9 par value common stock in exchange for land and a building. The land is valued at $230,000 and the building at $377,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. X 04:47:43 View transaction list eBook Journal entry worksheet A Hint Record the issue of 35,000 shares of s9 par value common stock in exchange for land valued at $230,000 and a building valued at $377,000. Print Note: Enter debits before credits References Transaction General Journal Debit Credit Record entry Clear entry View general journal