Prepare journal entries to record the following four separate issuances of stock.

A corporation issued 7,000 shares of $10 par value common stock for $84,000 cash.

A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has a $1 per share stated value.

A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has no stated value.

A corporation issued 1,750 shares of $50 par value preferred stock for $118,500 cash.

-Record the issue of 7,000 shares of $10 par value common stock for $84,000 cash.

-Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has a $1 per share stated value.

-Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $31,000. The stock has no stated value.

-Record the issue of 1,750 shares of $50 par value preferred stock for $118,500 cash.

Transaction	General Journal	Debit	Credit
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