1. A corporation issued 7,000 shares of $10 par value common stock for $84.000 cash. 2. A corporation issued 3.500 shares of no-par common stock to its promoters in exchange for their efforts, estim $35,500. 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, estim $35,500. The stock has no stated value. 4. A corporation issued 1.750 shares of $100 par value preferred stock for $210,500 cash. View transaction list Journal entry worksheet