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 $45,500. 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 $45,500. The stock has no stated value, 4.A corporation issued 1,000 shares of $75 par value preferred stock for $120,500 cash. A Record the issue of 4,000 shares of $20 par value common stock for $96,000 cash. B Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $45,500. The stock has a $2 per share stated value. C Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $45,500. The stock has no stated value. D Record the issue of 1,000 shares cf $75 par vallue preferred stock for $120,500 cash