10-12 Saved Exercise 11-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock 1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 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 $40,000. The stock has a S1 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 $40,000. The stock has no stated value 4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash, View transaction list Journal entry worksheet B C D Record the issue of 4,000 shares of $5 par value common stock for $35,000 cash. Note: Enter debit before credits Transaction General Journal Debit Credit Record entry - Clear entry View general journal com%252F 0-12 Saved xercise 11-4 Recording stock issuances LO P1 repare journal entries to record each of the following four separate issuances of stock 1. A corporation issued 4.000 shares of $5 par value common stock for $35,000 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 $40,000. 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 $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash. View transaction list Journal entry worksheet