Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 60 shares of $5 par value common stock for $500 cash. 2. A corporation issued 75 shares of $4 stated value stock for $6 per share. 3. A corporation issued 40 shares of no-par common stock in exchange for a patent, estimated to be worth $1,200. The stock has no stated value. 4. A corporation issued 25 shares of $30 par value preferred stock for $1,000 cash. 1) 2) General Journal Debit Credit