Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 7,000 shares of $30 par value common stock for $252,000 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 $40,000. The stock has a $1 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value. 4. A corporation issued 1,750 shares of $100 par value preferred stock for $215,000 cash. View transaction list Journal entry worksheet Record the issue of 7,000 shares of $30 par value common stock for $252,000 cash. Note: Enter debits before credits