Question 8 Answer saved Marked out of 22.00 iFlag question Prepare the journal entries to record the following separate issuances of stock: 1.) A corporation issued 20,000 shares of $7 par value common stock for $350,000. 2.) A corporation issued 4,500 shares of no-par common stock in exchange for a building worth $95,000. 3.) A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $150,000. The stock has a $6 stated value 4.) A corporation issues 9,000 shares of $22 par value preferred stock for $240,000. A B U I E I Date Account & Explanation Debit Credit