11 Homework Saved Help Save & Exit Submit 2 Prepare journal entries to record each of the following four separate issuances of stock. 1. A corporation issued 2,000 shares of $20 par value common stock for $48.000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,000. The stock has a $5 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52.000. The stock has no stated value. 4. A corporation issued 500 shares of $25 par value preferred stock for $64,500 cash. View transaction list ook Journal entry worksheet cences Record the issue of 500 shares of $25 par value preferred stock for $64,500 cash. Note: Enter debits before credits Debit General Journal Transaction Credit 4