ers 13 & 14 (Do Not Open Until You Are Ready to Complete) Following are the Issuances of stock transactions. 1. A corporation Issued 7,000 shares of $20 par value common stock for $168,000 cash. Saved 2 A corporation Issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,500. The stock has a $1 per share stated value. 3. A corporation Issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,500. The stock has no stated value. 4. A corporation Issued 1,750 shares of $50 par value preferred stock for $119,000 cash. Prepare journal entries to record each of the following four separate Issuances of stock. Vow transection lat Journal entry worksheet A B C D Record the issue of 7,000 shares of $20 par value common stock for $168.000 cash. State: Enter cetits before a Transaction General Journal Debit Credit ^