Exercise 11-3 Recording stock issuances LO P1 Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 2,000 shares of $5 par value common stock for $12,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $4 per share stated value. .A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value. 4. A corporation issued 500 shares of $75 par value preferred stock for $80,500 cash. View transaction list Journal entry worksheet 2 4 Record the issue of 2,000 shares of $5 par value common stock for $12,000 cash Note: Enter debits before credits. General Journal Transaction Debit Credit View general journal Record entry Clear entry Journal entry worksheet 4 Record the issue of 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $4 per share stated value Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 4 Record the issue of 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value Note: Enter debits before credits. Transaction General Journal Debit Credit Clear entry View general journal Record entry Journal entry worksheet 4 Record the issue of 500 shares of $75 par value preferred stock for $80,500 cash. Note: Enter debits before credits Transaction General Journal Debit Credit 4 View general journal Record entry Clear entry