Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $115,000 cash. View transaction list ho Journal entry worksheet Record the issue of 4,000 shares of $20 par value common stock for $96,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Cash 96,000 Common stock, $20 par value 80,000 Paid-in capital in excess of par value, Common stock 16,000 Record entry Clear entry View general journal Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value common stock for $96.000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $115,000 cash. View transaction list Journal entry worksheet C D nces Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $2 per share stated value. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Cash Paid-in capital in excess of stated value, common stock 4,000 Record entry Clear entry View general journal Sdved Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40.000. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $115,000 cash. View transaction list Journal entry worksheet Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. Note: Enter debits before credits Transaction General Journal Debit Credit 3 Income summary Record entry Clear entry View general journal Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $115,000 cash. View transaction list Journal entry worksheet D Record the issue of 1,000 shares of $75 par value preferred stock for $115,000 cash Note: Enter debits before credits. Transaction General Journal Debit Credit 4 Record entry Clear entry View general journal