Prepare journal entries to record the following four separate issuances of stock. . A corporation issued 3,000 shares of $20 par value common stock for $72,000 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 $50,000. The stock has a $3 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $50,000. The stock has no stated value. 4. A corporation issued 750 shares of $50 par value preferred stock for $87,500 cash. View transaction list Journal entry worksheet 4 Record the issue of 3,000 shares of $20 par value common stock for $72,000 cash Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal