Prepare journal entries to record each of the following four separate issuances of stock.

1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash.

2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $60,000. The stock has a $6 per share stated value.

3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $60,000. The stock has no stated value.

4. A corporation issued 500 shares of $25 par value preferred stock for $72,500 cash.