Part 1 of 21 10 points Skipped The following information applies to the questions displayed below.) Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $10 par value common stock for $120,000 cash. 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,500. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $41,500. The stock has no stated value. 4. A corporation issued 2,500 shares of $100 par value preferred stock for $291,500 cash. eBook 01 Hint Deferences Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock View transaction list Journal entry worksheet < A B C D Record the issue of 10,000 shares of $10 par value common stock for $120,000 cash.