Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash. 2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $37,000. The stock has a $1 per share stated value. 3. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $37,000. The stock has no stated value. 4. A corporation issued 2,250 shares of $100 par value preferred stock for $262,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet A B D Record the issue of 9,000 shares of $10 par value common stock for $108,000 cash. Note: Enter debits before credits. Transaction General Journal 1 Cash Common stock, $10 par value Paid-in capital in excess of par value, Common stock Debit Credit