Prepare journal entries to record each of the following four separate issuances of stock.

A corporation issued 7,000 shares of $20 par value common stock for $168,000 cash.

A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $55,000. The stock has a $2 per share stated value.

A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $55,000. The stock has no stated value.

A corporation issued 1,750 shares of $75 par value preferred stock for $186,250 cash.