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

1. A corporation issued 5,000 shares of $10 par value common stock for $60,000 cash.
2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $23,500. The stock has a $1 per share stated value.
3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $23,500. The stock has no stated value.
4. A corporation issued 1,250 shares of $25 par value preferred stock for $54,750 cash.