Required information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 7,000 shares of $20 par value common stock for $168,000 cash 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,500. The stock has a $1 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,500. The stock has no stated value. 4. A corporation issued 1,750 shares of $75 par value preferred stock for $169,750 cash. Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet Journal entry worksheet Record the issue of 7,000 shares of $20 par value common stock for $168,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,500. The stock has a $1 per share stated value. Note: Enter debits before credits. Journal entry worksheet Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $38,500. The stock has no stated value. Note: Enter debits before credits: Record the issue of 1,750 shares of $75 par value preferred stock for $169,750 cash. Note: Enter debits before credits