11 Homework Prepare Journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 8,000 shares of $20 par value common stock for $192,000 cash. 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts. estimated to be worth $21,000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts estimated to be worth $21,000. The stock has no stated value. 4. A corporation issued 2,000 shares of $75 par value preferred stock for $171,000 cash. *** Mlejnal entity worksheet