1 Exercise 13-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 0.9 oints 1. A corporation issued 10,000 shares of $30 par value common stock for $360,000 cash. 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $75 par value preferred stock for $218,500 cash. eBook Hint View transaction list Print Journal entry worksheet References Record the issue of 10,000 shares of $30 par value common stock for $360,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal A Record the issue of 10,000 shares of $30 par value common stock for $360,000 cash. B Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has a $1 per share stated value. Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has no stated value. D Record the issue of 2,500 shares of $75 par value preferred stock for $218,500 cash