Question 8 Not yet answered Marked out of 22.00 Flag 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 promotors 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, 2 A B I - IEE. Debit Credit Account & Explanation Date