Exercise 13-3 Accounting for par, stated, and no-par 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 $5 par value common stock for $24,000 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 $40,500. 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 $40,500. The stock has no stated value. 4. A corporation Issued 1,000 shares of $25 par value preferred stock for $65,500 cash. View transaction Journal entry worksheet A B C D Record the issue of 4,000 shares of $5 par value common stock for $24,000 cash, Ons before ita General Journal Debit Credit Transaction 1 Record VA