Prepare journal entries to record each of the following four separate issuances of stock. A corporation issued 6,000 shares of $10 par value common stock for $72,000 cash. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,500. The stock has a $1 per share stated value. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,500. The stock has no stated value. A corporation issued 1,500 shares of $100 par value preferred stock for $179,500 cash.