Following are the issuances of stock transactions 1. A corporation issued 10,000 shares of $30 par value common stock for $360,000 cash 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $50,500. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $50,500. The stock has no stated volue, 4. A corporation Issued 2,500 shares of $75 par value preferred stock for $238,000 cash. Record the issue of 10,000 shares of $30 par value common stock for $360,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $50,500. The stock has a $1 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $50,500. The stock has no stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record the issue of 2,500 shares of $75 par value preferred stock for $238,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 4