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Required information [The following information applies to the questions displayed below. Following are the issuances of stock transactions 1. A corporation issued 3,000 shares of $30 par value common stock for $108,000 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 $26,000. The stock has a $2 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 $26,000. The stock has no stated value. 4. A corporation issued 750 shares of $75 par value preferred stock for $82,250 cash. Prepare journal entries to record each of the following four separate issuances of stock