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

1. A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash.
2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $1 per share stated value.
3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value.
4. A corporation issued 2,250 shares of $100 par value preferred stock for $268,000 cash.

• Record the issue of 9,000 shares of $10 par value common stock for $108,000 cash.
• Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $1 per share stated value.
• Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value.
• Record the issue of 2,250 shares of $100 par value preferred stock for $268,000 cash.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1