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 $5 par value common stock for $60,000 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 $26,000. 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 $26,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $25 par value preferred stock for $88,500 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet A D > Record the issue of 10,000 shares of $5 par value common stock for $60,000 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal View transaction list 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 $26,000. The stock has a $1 per share stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general Journal View transaction list 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 $26,000. The stock has no stated value. Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the issue of 2,500 shares of $25 par value preferred stock for $88,500 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 4 Record entry Clear entry View general Journal