80 points 1 Skipped eBook Required Information Use the following information for Exercises 4-5 below. (Algo) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57,000. The stock has a $2 per share stated value. 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57,000. The stock has no stated value. Hint 4. A corporation issued 1,250 shares of $100 par value preferred stock for $182,000 cash. Print Exercise 11-4 (Algo) Recording stock Issuances LO P1 References Prepare journal entries to record each of the following four separate issuances of stock. View transaction llet Journal entry worksheet A B C D Record the issue of 5,000 shares of $20 par value common stock for $120,000 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal