3 ! ints eBook Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of $5 par value common stock for $12,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has a $3 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has no stated value. Hint 4. A corporation issued 500 shares of $25 par value preferred stock for $44,500 cash. Print Prepare journal entries to record each of the following four separate issuances of stock. References View transaction list Journal entry worksheet A B C D Record the issue of 2,000 shares of $5 par value common stock for $12,000 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal Che