Required Information [The following information applies to the questions displayed below.) Following are the issuances of stock transactions. 1. A corporation issued 3.000 shares of $10 par value common stock for $36.000 cash. 2 A corporation issued 1.500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has a $2 per share stated value. 3. A corporation issued 1.500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has no stated value. 4. A corporation Issued 750 shares of $75 par value preferred stock for $88.250 cash. Prepare journal entries to record each of the following four separate Issuances of stock View transaction list Journal entry worksheet Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $32,000. The stock has a $2 per share stated value. Note: Enter debits before credits General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal Journal entry worksheet