Prepare journal entries to record each of the following three separate issuances of stock. 1. A corporation issued 8,000 shares of $10 par value common stock for $96,000 cash. 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $39,000. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth 539,000. The stock has no stated value View transaction list View Journal entry worksheet Transaction No A General Journal Debit Credit 1 Cash Common stock, $10 par value Pald-in capital in excess of par value, Common stock B 2 Cash Common stock, $1 stated value Pald-in capital in excess of stated value, common stock 3 Cash Common stock, no par value