Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 6,000 shares of $30 par value common stock for $216,000 cash. 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has a $2 per share stated value. 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $129,000 cash. Answer is not complete. No Transaction General Journal Debit Credit A 1 216,000 Cash Common stock, $30 par value Paid-in capital in excess of par value, Common stock 180.000 36,000 B 2 54,000 Organization expenses Paid-in capital in excess of stated value, common stock Paid-in capital in excess of par value, preferred stock 1,500 x 60,000 X 3 54,000 Organization expenses Common stock, no-par value 54,000 D 4 Cash 129.000 75.000 54,000 Paid-in capital in excess of par value, Common stock x