Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 9,000 shares of $20 par value common stock for $216,000 cash. 2.A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $25,000. The stock has a $1 per share stated value. 3.A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $25,000. The stock has no stated value. 4. A corporation issued 2,250 shares of $50 par value preferred stock for $137,500 cash. View transaction list Journal entry worksheet 1 3 4 > N Record the issue of 9,000 shares of $20 par value common stock for $216,000 cash Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal View transaction list x . 1 Record the issue of 9,000 shares of $20 par value common stock for $216,000 cash. $216,000 2 Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $25,000. The stock has a $1 per share stated value. 3 Credit Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $25,000. The stock has no stated value. 4 Record the issue of 2,250 shares of $50 par value preferred stock for $137,500 cash. Note : journal entry has been entered