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 10,000 shares of $10 par value common stock for $120.000 cash. 2. A corporation issued 5,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $58,000. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no par common stock to its promoters in exchange for their efforts estimated to be worth $58,000. The stock has no stated value. 4. A corporation Issued 2.500 shares of $100 par value preferred stock for $308.000 cash. View transaction list Journal entry worksheet A B C D Record the issue of 10,000 shares of $10 par value common stock for $120,000 cash. Not: Enter debts before credits General Journal Debit Transaction 1 Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,000. The stock has a $1 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal View transaction list Journal entry worksheet 00 D Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,000. The stock has no stated value. Note: Enter debits before credits Transaction General Journal Debit Credit 3 Record entry Clear entry View general Journal View transaction list Journal entry worksheet