Prepare Journal entries to record the following four separate Issuances of stock 1. A corporation Issued 7,000 shares of $10 par value common stock for $84,000 cash 2. A corporation Issued 3,500 shares of no-par common stock to Its promoters In exchange for their efforts, estimated to be worth $56,000. The stock has a $2 per share stated value. 3. A corporatlon Issued 3,500 shares of no-par common stock to Its promoters In exchange for thelr efforts, estimated to be worth $56,000. The stock has no stated value. 4. A corporation Issued 1,750 shares of $50 par value preferred stock for $143,500 cash. View transaction list Journal entry worksheet 1 2 4 Record the issue c cash 7,000 shares of $10 par value common stock for $84,000 Note: Enter debits before credits General Journal Transaction Debit Credit 1 View general jourmal Record entry Clear entry