Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 5,000 shares of $10 par value common stock for $60,000 cash. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,500. The stock has a $2 per share stated value. 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,500. The stock has no stated value. 4. A corporation issued 1,250 shares of $75 par value preferred stock for $147,250 cash. View transaction list Journal entry worksheet A B C D Record the issue of 5,000 shares of $10 par value common stock for $60,000 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit