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 8.000 shares of $10 par value common stock for $96,000 cash. 2. A corporation issued 4.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24.500. The stock has a S1 per share stated value. 3. A corporation issued 4,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $24.500. The stock has no stated value. 4. A corporation issued 2,000 shares of $100 par value preferred stock for $224,500 cash. Exercise 11-4 (Algo) Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock View transaction list Journal entry worksheet B C D > Record the issue of 8,000 shares of $10 par value common stock for $96,000 cash Note: Enter debits before credits. Transaction General Journal Debit Credit