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Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 3,000 shares of $10 par value common stock for

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Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 3,000 shares of $10 par value common stock for $36,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $28,500. The stock has a $2 per share stated value. pped 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $28,500. The stock has no stated value. 4. A corporation issued 750 shares of $50 par value preferred stock for $66,000 cash Book View transaction list int Journal entry worksheet rint 2 4 Record the issue of 3,000 shares of $10 par value common stock for $36,000 cash. rences Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

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