Check my work Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, to be worth $47,500. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $122.500 cash int Journal entry worksheet Record the issue of 2,000 shares of no-par common stock to its prdnoters in exchange for their efforts, estimated to be worth $47,500. The stock has a s2 per share stated value. Prev 1016 Next >