Required information [The following information applies to the questions displayed below) Following are the issuances of stock transactions 1. A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,500. The stock has a $2 per share stated value 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40.500. The stock has no stated value 4. A corporation issued 1.250 shares of $75 par value preferred stock for $134 250 cash [The following information applies to the questions displayed below) Following are the issuances of stock transactions, 1. A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash 2. A corporation issued 2,500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $40,500. The stock has a $2 per share stated value. 3. A corporation issued 2.500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $40,500. The stock has no stated value. 4. A corporation issued 1.250 shares of $75 par value preferred stock for $134,250 cash Prepare journal entries to record each of the following four separate issuances of stock