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, e be worth $58,500. 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, es be worth $58,500. The stock has no stated value. 4. A corporation issued 2,000 shares of $75 par value preferred stock for $208,500 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 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,500. The stock has no stated value. Note: Enter debits before credits Transaction 3 General Journal Debit Credit Record entry Clear entry View general journal