Exercise 13-3 Recording stock Issuances LO P1 Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 7.000 shares of $20 par value common stock for $168,000 cash. 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $30,500. The stock has a $1 per share stated value 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $30,500. The stock has no stated value 4. A corporation issued 1,750 shares of $75 par value preferred stock for $161,750 cash. View transaction list Journal entry worksheet 4 Record the issue of 7,000 shares of $20 par value common stock for $168,000 cash. Next > 11 of 14