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 3,000 shares of $10 par value common stock for $36,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,000. The stock has a $3 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,000. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $103,250 cash. Journal entry worksheet Record the issue of 3,000 shares of $10 par value common stock for $36,000 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Journal entry worksheet . B D > Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,000. The stock has a $3 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Journal entry worksheet Record the issue of 750 shares of $75 par value preferred stock for $103,250 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit