Following are the issuances of stock transactions. 1. A corporation issued 8,000 shares of $30 par value common stock for $288,000 cash. 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,000. The stock has no stated value. 4. A corporation issued 2,000 shares of $100 par value preferred stock for $248,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list View journal entry worksheet No Transaction General Journal A 1 Cash Common stock, $30 par value B 2 Cash Common stock, $1 stated value Common stock, no-par value 3 Cash Common stock, no-par value D 4 Cash Preferred stock, $100 par value Paid-in capital in excess of par value, Common stock Debit Credit 288,000 288,000 48,000 4,000 44,000 48,000 48,000 248,000 200,000 48,000