Required information The following information applies to the questions displayed below) Following are the issuances of stock transactions 1. A corporation issued 5,000 shares of $10 par value common stock for $60,000 cash 2. A corporation issued 2,500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $53,000. The stock has a $2 per share stated value 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts estimated to be worth $53,000. The stock has no stated value. 4. A corporation issued 1250 shares of $75 par value preferred stock for $146,750 cash. 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 2,500 shares of no- par common stock to its promoters in exchange for their efforts, estimated to be worth $53,000. The stock has a $2 per share stated value Nobentar dalits before credits Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal Prepare journal View transaction list ces Journal entry worksheet D Record the issue of 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,000. The stock has no stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal View transaction list Journal entry worksheet