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Following are the issuances of stock transactions.

A corporation issued $3,000$ shares of $$30$ par value common stock for $$108,000$ cash.

A corporation issued $1,500$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$22,500.$ The stock has a $$2$ per share stated value.

A corporation issued $1,500$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$22,500.$ The stock has no stated value.

A corporation issued $750$ shares of $$100$ par value preferred stock for $$97,500$ cash.

Prepare journal entries to record each of the following four separate issuances of stock.

Journal entry worksheet

$q,$ C D

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Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$

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