2. Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has $2 per share stated value.
3. Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has no stated value.
4. Record the issue of 1,000 shares of $100 par value preferred stock for $144,000 cash.

Prepare journal entries to record each of the following four separate issuances of stock 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $100 par value preferred stock for $144,000 cash. View transaction list Journal entry worksheet 1 2 Record the issue of 4,000 shares of $20 par value common stock for $96,000 cash Note: Enter debits before credits General Journal Transaction Debit Credit View general journal Record entry Clear entry