Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 2,000 shares of $10 par value common stock for $24,000 cash 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47,000. The stock has a $5 per share stated value 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $47000. The stock has no stated value. 4. A corporation issued 500 shares of $75 par value preferred stock for $84,500 cash