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 10,000 shares of $30 par value common stock for $360,000 cash. 2. A corporation Issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,500. The stock has a $1 per share stated value. 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,500. The stock has no stated value. 4. A corporation Issued 2,500 shares of $50 par value preferred stock for $165,500 cash. Exercise 13-4 (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 A B C D Record the issue of 10,000 shares of $30 par value common stock for $360,000 cash. E