Exercise 11-3 Recording stock Issuances LO P Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 9,000 shares of $20 par value common stock for $216,000 cash. 2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $59,000. The stock has a $1 per share stated value. 3. A corporation issued 4,500 shares of no-par common stock to its prmoters in exchange for their efforts, estimated to be worth 4. A corporation issued 2,250 shares of $100 par value preferred stock for $284,000 cash. $59,000. The stock has no stated value