Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 3,000 shares of $20 par value common stock for $72,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $34,500. The stock has a $2 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $34,500. The stock has no stated value. 4. A corporation issued 750 shares of $25 par value preferred stock for $53,250 cash. View transaction list Journal entry worksheet < A B C D Record the issue of 3,000 shares of $20 par value common stock for $72,000 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal