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Prepare journal entries to record the following four separate issuances of stock. 1. A corporation...

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Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has a $2 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $25 par value preferred stock for $74,000 cash. View transaction list Journal entry worksheet 2 3 4 Record the issue of 4,000 shares of $20 par value common stock for $96,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit

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