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

1. A corporation issued 8,000 shares of $10 par value common stock for $96,000 cash.
2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,000. The stock has a $1 per share stated value.
3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,000. The stock has no stated value.
4. A corporation issued 2,000 shares of $50 par value preferred stock for $138,000 cash.