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Required information Use the following information for Exercises 4-5 below. (Algo) [The following information applies to the questions displayed below] Following ore the issuances of stock transactions. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has a $3 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $25 par value preferred stock for $83,500cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare joutnal entries to record eoch of the following four separate issuances of stock. Journal entry worksheet Journal entry worksheet Record the Faid-in capital, treasury stock cash. Preferred stock, $0.50 par value Preferred stock, $1 stated value Journal entry worksheet C Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has a $3 per share stated value. Note: Enter debits before credits. Journal entry worksheet Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has no stated value. Note: Enter debits before credits