13-3 Final Prepare journal entries for each of the following four issuances of stock. 1. A corporation issued 5,000 shares of $5 par value common stock for $50,000. 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $60,000. The stock has a $1 per share stated value. 3. A corporation issued exchange for their efforts, estimated to be worth $60,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $50 par value preferred stock for $200,000 cash