Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $10 par value common stock for $48.000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29.500. The stock has a $1 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 $29.500. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $79,500 cash. View transaction list 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 $29,500. The stock has a $1 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit Organization expenses Common stock dividend distributable Paid-in capital in excess of par value. Common stock Record entry Clear entry View general journal Journal entry worksheet Ko @ 30 Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,500. The stock has no stated value. Note: Enter debits before credits Transaction General Journal Debit Credit Organization expenses Common dividend payable Record entry Clear entry View general journal Journal entry worksheet Record the issue of 1,000 shares of $50 par value preferred stock for $79,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Cash Record entry Clear entry View general journal