Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 10,000 shares of $10 par value common stock for $120,000 cash 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has a $1 per share stated value 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has no stated value. 4. A corporation issued 2,500 shares of $25 par value preferred stock for $121,000 cash View transaction list Journal entry worksheet 4 Record the issue of 10,000 shares of $10 par value common stock for $120,000 cash. Note: Enter debits before credits. Debit Credit Transaction General Journal Record entry View general journal Clear entry