Prepare the journal entries to record the following separate issuances of stock. 1.) A corporation issued 2,000 shares of $6 par value common stock for $70,000. 2.) A corporation issued 4,200 shares of no-par common stock in exchange for a building worth $56,000. 3.) A corporation issued 8,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $70,000. The stock has a $2 stated value. 4.) A corporation issues 8,000 shares of $3 par value preferred stock for $50,000. A BIU. - I E E Date Account & Explanation Debit Credit