Chapter 11 Exercises i Saved Prepare journal entries to record each of the following four separate issuances of stock. 1.42 points 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 $46,000. 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 $46,000. The stock has no stated value. 4. A corporation issued 2,000 shares of $75 par value preferred stock for $196,000 cash. eBook View transaction list Hint Print Journal entry worksheet Record the issue of 8,000 shares of $20 par value common stock for $192,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal