Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 6,000 shares of $20 par value common stock for $144,000 cash. 2. A corporation issued 3,000 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 corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $56,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $50 par value preferred stock for $131,000 cash. View transaction list Journal entry worksheet