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Prepare journal entries to record each of the following four separate issuances of stock. 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 $40,000. The stock has a $2 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 $40,000. The stock has no stated value. 4. A corporation issued 1,250 shares of $75 par value preferred stock for $133,750 cash. View transaction list Journal entry worksheet 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 Transaction General Journal Credit Debit 120,000 Cash Common stock, $20 par value Paid-in capital in excess of par value, Common stock 100.000 20.000 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the issue of 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. Note: Enter debits before credits General Journal Debit Credit Transaction 3 Record entry Clear entry View general Journal View transaction list Journal entry worksheet B D > Record the issue of 1,250 shares of $75 par value preferred stock for $133,750 cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal