Prepare journal entries to record the following four separate issuances of stock. 1. A corporation Issued 4,000 shares of $5 par value common stock for $35.000 cash 2 A corpor ation issued 2.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40.000. The stock has a $1 per share stated value. $40.000. The stock has no 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 4. A corporation Issued 1000 shares of $50 par value preferred stock for $60,000 cash Journal entry worksheet Record the issue of 4,000 shares of $5 par value common stock for $35,000 cash. Note: Enter debits before credits Clear entry View general joumal