Required information Use the following information for Exercises 4-5 below. (Algo) [The following information applies to the questions displayed below) Following are the issuances of stock transactions. 1. A corporation issued 6,000 shares of $5 par value common stock for $36,000 cash. 2. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,000. The stock has a $2 per share stated value. 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,000. The stock has no stated value. 4. A corporation issued 1.500 shares of $75 par value preferred stock for $158,500 cash. Journal entry worksheet KA B C D Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,000. The stock has a $2 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal Journal entry worksheet > B D Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $46,000. The stock has no stated value. Note: Enter debits before credits General Journal Transaction 3 Debit Credit Record entry Clear entry View general Journal Journal entry worksheet