11 Ex 11-3 Help Save & Extit Submit Check my work 1 Exercise 11-3 Recording stock Issuances LO P1 Prepare journal entries to record the following four separate issuances of stock. 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 $48,500. The stock has a $2 per share stated value BooK3. A corporation issued 2.500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,500. The stock has no stated value. 4. A corporation issued 1.250 shares of $75 par value preferred stock for $142.250 cash. Journal entry worksheet nces Record the issue of 5,000 shares of $10 par value common stock for $60,000 cash. al J