Following are the issuances of stock transactions. 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 $31,000. 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 $31,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $100 par value preferred stock for $131,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet < B C D Record the issue of 4,000 shares of $5 par value common stock for $24,000. cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit