Exercise 11-4 Recording stock issuances LO P1 Prepare journal entries to record each of 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, estir $23,500. The stock has al $1 per share stated value. 3. A corporation issued 4,500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $23.500. The stock has no stated value 4. A corporation issued 2,250 shares of $100 par value preferred stock for $248,500 cash. View transaction list Journal entry worksheet Record the issue of 9,000 shares of $20 par value common stock for $216,000 cash. Note: Enter debits before credits Transaction General Journal Debit Credit