Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 10,000 shares of $20 par value common stock for $240,000 cash 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $75 par value preferred stock for $238,500 cash. repare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet Journal entry worksheet Record the issue of 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $51,000. The stock has no stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 are journal entries to record each of the following four separate issuances of SE View transaction list Journal entry worksheet D Record the issue of 2,500 shares of $75 par value preferred stock for $238,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 Prev 3 of 7 Next > co search O