Prepare journal entries to record the following four separate issuances of stock 1. A corporation issued 7000 shares of $5 par value common stock for $42.000 cash. 2 A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57000. The stock has a $2 per share stated value. 3. A corporation Issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth 4. A corporation issued 1,750 shares of $50 par value preferred stock for $144.500 cash. $57000. The stock has no stated value. Journal entry worksheet Record the issue of 7,000 shares of $5 par value common stock for $42,000 cash. ction