Required Information Use the following information for Exercises 4.5 below. (Algo) [The following information applles to the questons displayed below.] Following are the issuances of stock transactions: 1. A corporation issued 2,000 shares of $20 par value common stock for $48,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to lis promoters in exchange for their efforts, estimated to be worth $47,000. The stock has a $5 per share stated value 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worti $47,000. The stock has no stated value 4. A corporation issued 500 shares of $75 par value preferred stock for $34.500 cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare joumal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 2,000 shares of $20 par value common stock, for $48,000 cash. Note: Entiter debits before credits