Following ate the isuuances of stock transactions.

Required information [The following information applies to the questions displayed below) Following are the issuances of stock transactions, 1. A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash. 2. A corporation issued 2,500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $33,500. The stock has a $1 per share stated value. 3. A corporation issued 2.500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $33,500. The stock has no stated value. 4. A corporation issued 1,250 shares of $100 par value preferred stock for $158.500 cash. Journal entry worksheet A B C D Record the issue of 5,000 shares of $20 par value common stock for $120,000 cash. Note: Enter debits before credits. Debit Credit Transaction General Journal Record entry Clear entry View general Journal Journal entry worksheet A B D > Record the issue of 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $33,500. The stock has a $1 per share stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet