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 4,000 shares of $10 par value common stock for $48,000 cash 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $35,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $35,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $110,000 cash View transaction list Journal entry worksheet ABC D > Record the issue of 4,000 shares of $10 par value common stock for $48,000 cash Note: Enber debits before credits Transaction General Journal Debit Credit