Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has a $2 per share stated value. Note: Enter debits before credits. 1. A corporation issued 7,000 shares of $5 par value common stock for $42,000 cash. 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has a $2 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has no stated value. 4. A corporation issued 1,750 shares of $50 par value preferred stock for $142,000 cash. Prepare journal entries to record each of the following four separate Asuances of stock. Journal entry worksheet D Record the issue of 7,000 shares of $5 par value common stock for $42,000 cash. Journal entry worksheet Record the issue of 1,750 shares of $50 par value preferred stock for $142,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $54,500. The stock has no stated value. Note: Enter debits before credits