Check 3 Exercise 13-3 Recording stock issuances LO P1 Prepare journal entries to record the following four separate issuances of stock. 2 points 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 eBook $56,000. The stock has a $2 per share stated value Print 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $56,000. The stock has no stated value References 4. A corporation issued 1,250 shares of $75 par value preferred stock for $149,750 cash