Following are the issuances of stock transactions. A corporation issued 9,000 shares of $20 par value common stock for $216,000 cash. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has a $1 per share stated value. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has no stated value. A corporation issued 2,250 shares of $75 par value preferred stock for $200,750 cash.

Journal entry worksheet Record the issue of 9,000 shares of $20 par value common stock for $216,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has a $1 per share stated value. Note: Enter debits before credits. Journal entry worksheet Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has no stated value. Note: Enter debits before credits. Journal entry worksheet Record the issue of 2,250 shares of $75 par value preferred stock for $200,750 cash. Note: Enter debits before credits