Exercise 11-3 Recording stock issuances LO P1 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, estimated to be $38,500. The stock has a $2 per share stated value. tion issued 2.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth 3. A corporat 4. A corporation issued 1,000 shares of $100 par value preferred stock for $138.500 cash $38,500. The stock has no stated value View transaction list Journal entry worksheet Record the issue of 4,000 shares of $20 par value common stock for $96,000 cash