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Following are the issuances of stock transactions. 1. A corporation issued 5.000 shares of $10 par value common stock for $60,000cash. 2. A corporation issued

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Following are the issuances of stock transactions. 1. A corporation issued 5.000 shares of $10 par value common stock for $60,000cash. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has a $2 per share stated value. 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has no stated value. 4. A corporation issued 1,250 shares of $100 par value preferred stock for $174,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet $100 par value preferred stock for $174,000 cash. Fote: Enter dobits befare credits

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