Required information [The following information applies to the questions displayed below.) Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $10 par value common stock for $48,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $74,500 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list A Record the issue of 4,000 shares of $10 par value common stock for $48,000 cash. B Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has a $1 per share stated value. c Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24,500. The stock has no stated value. D Record the issue of 1,000 shares of $50 par value preferred stock for $74,500 cash. > $48,000 ebit Credit