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Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 5,000 shares of $10 par value common stock for $60,000 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 $57,500. 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 $57,500. The stock has no stated value. 4. A corporation issued 1,250 shares of $75 par value preferred stock for $151,250 cash. Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 5,000 shares of $10 par value commion stock for $60,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57,500. The stock has a $2 per share steted value. Notef Lnter debits before-credits. Journal entry worksheet Record the issue of 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57,500. The stock has no stated value. Note: Enter debits before credits. Journal entry worksheet Metcord the issue of 1,250 shares of 575 par value preferred stock for 4151,250 rash. Wotei Giter albifs before eredas