Following are the issuances of stock transactions.

1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 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 $75 par value preferred stock for $100,500 cash.

Prepare journal entries to record each of the following four separate issuances of stock.

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• Record the issue of 4,000 shares of $10 par value common stock for $48,000 cash.
• Record the issue of 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.
• Record the issue of 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.
• Record the issue of 1,000 shares of $75 par value preferred stock for $100,500 cash.