Prepare journal entries to record each of the following four separate issuances of stock 1. A corporation issued 8,000 shares of $10 par value common stock for $96,000 cash 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $25,000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $25,000. The stock has no stated value. 4. A corporation issued 2,000 shares of $50 par value preferred stock for $125,000 cash. View transaction list Journal entry worksheet < A B C D Record the issue of 8,000 shares of $10 par value common stock for $96,000 cash.