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 $25,500. The stock has a $1 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 $25,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $100 par value preferred stock for $125,500 cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 4,000 shares of $5 par value common stock for $24,000 cash. Note: Enter debits before credits. Exercise 11-6 (Algo) Stock issuance for noncash assets LO P1 Sudoku Company issues 30,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $238,000 and the building at $378,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building. Journal entry worksheet Record the issue of 30,000 shares of $8 par value common stock in exchange for land valued at $238,000 and a building valued at $378,000. Note: Enter debits before credits