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[The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 9,000 shares of $20 par

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[The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 9,000 shares of $20 par value common stock for $216,000 cash. 2. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $39,000. The stock has a $1 per share stated value. 3. A corporation issued 4.500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $39,000. The stock has no stated value. 4. A corporation issued 2,250 shares of $50 par value preferred stock for $151,500 cash. Prepare joumal entries to record each of the following four separate issuances of stock. Record the issue of 9,000 shares of $20 par value common stock for $216,000 cash. Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $39,000. The stock has a $1 per share stated value. Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $39,000. The stock has no stated value. Record the issue of 2,250 shares of $50 par value preferred stock for $151,500 cash

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