Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 3,000 shares of $30 par value common stock for $108,000 cash 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $3 per share stated value 3. A corporation issued 1500 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 750 shares of $50 par value preferred stock for $77.500 cash View transaction list Journal entry worksheet Record the issue of 3,000 shares of $30 par value common stock for $108,000 cash Note: Enter debts before credits