repare journal entries to record each of the following four separate issuances of stock. A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estima be worth $46,500. The stock has a $1 per share stated value. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estima be worth $46,500. The stock has no stated value. A corporation issued 2.250 shares of $25 par value preferred stock for $102,750 cash.