Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 10,000 shares of $5 par value common stock for $60,000 cash 2. A corporation issued 5.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth 4. A corporation issued 2,500 shares of $50 par value preferred stock for $174,000 cash. $49,000. The stock has no stated value. Journal entry worksheet Record the issue of 10,000 shares of $5 par value common stock for $60,000 cash. Note: Enter debits before credits Debit Next 9 of 9