Journal entry worksheet Record the issue of 10,000 shares of $20 par value common stock for $240,000 cash. Note: Enter debits before credits. Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. Note: Enter debits before credits. Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has no stated value. Note: Enter debits before credits. Record the issue of 2,500 shares of $25 par value preferred stock for $91,500 cash. Note: Enter debits before credits