Check my w Exercise 13-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation Issued 7000 shares of $30 par value common stock for $252,000 cash. 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $42,500. The stock has no stated value. 4. A corporation issued 1750 shares of $50 par value preferred stock for $130,000 cash. View transaction list Journal entry worksheet B Record the issue of 7,000 shares of $30 par value common stock for $252,000 cash. Note: Enter debits before credits Debit Credit Transaction General Journal 1