Required information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 8,000 shares of $10 par value common stock for $96,000 cash. 2. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57,500. The stock has a $1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $57,500. The stock has no stated value. 4. A corporation issued 2,000 shares of $25 par value preferred stock for $107,500 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet < A B C D Record the issue of 8,000 shares of $10 par value common stock for $96,000 cash. Note: Enter debits before credits. Transaction Cash General Journal Common stock, $10 par value Paid-in capital in excess of par value, Common stock Record entry Debit Credit 96,000 Clear entry View general journal