Journal entry worksheet 4 Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $36,000. The stock has no stated value Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 4 Record the issue of 1,500 shares of $50 par value preferred stock for $111,000 cash. Note: Enter debits before credits, Transaction General Journal Debit Credit 4 Record entry Clear entry View general journal