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Exercise 11-4 Recording stock issuances LO P1 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 3,000 shares of $10 par value common stock for $36,000 cash. 2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,500. The stock has a $4 per share stated value. 3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,500. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $109,750 cash. View transaction list Journal entry worksheet A B C D Record the issue of 3,000 shares of $10 par value common stock for $36,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journalView transaction list Journal entry worksheet Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,500. The stock has a $4 per share stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journalJournal entry worksheet A B C D Record the issue of 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $53,500. The stock has no stated value. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journalJournal entry worksheet