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 $48,000. 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 $48,000. The stock has no stated value. 4. A corporation issued 1,500 shares of $100 par value preferred stock for $198,000 cash. Journal entry worksheet A B C D Record the issue of 6,000 shares of $5 par value common stock for $36,000 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit > Journal entry worksheet > A 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 $48,000. The stock has a $2 per share stated value. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit > Journal entry worksheet A 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 $48,000. The stock has no stated value. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Journal entry worksheet A B C D Record the issue of 1,500 shares of $100 par value preferred stock for $198,000 cash. Note: Enter debits before credits. Transaction 4 General Journal Debit Credit