Prepare journal entries to record each of the following four separate issuances of stock 1. A corporation issued 10,000 shares of $10 par value common stock for $120,000 cash. 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,000. The stock has a $0 per share stated value. . A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,000. The stock has no stated value 4. A corporation issued 2,500 shares of $50 par value preferred stock for $146,000 cash. View transaction list Journal entry worksheet Record the issue of 10,000 shares of $10 par value common stock for $120,000 cash. Note: Enter debits before credits. Transaction Debit Credit General Journal