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 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 $52,000. 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 $52,000. The stock has no stated value. 4. A corporation Issued 1,750 shares of $50 par value preferred stock for $139,500 cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate Issuances of stock. 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