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Cheek my Required information tThe following information applies to the questions displayed be/ow.j Following are theissuances of stock transactions/ 1. A corporation issued 5,000 shares of $20 par value common stock foi $120,000 cash. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for theiij efforts: estimated to be worth $55,000. The stock has a $2 per share stated value) 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange forthei/l ffforts, estimated to be worth $55,000. The stock has no stated value, 4. A corporation issued 1,250 shares of $25 par value preferred stog for $86,250 Cash) Prepare journal entries to record each of the following four separate issuances of stock. View transaction list Journal entry worksheet Record the issue of 5,000 shares of $20 par yalue common stock for $120,000 cash. Note: Enter debits before credits. Debi Credi Transaction Record entry General ournai: Clear entry View general Joumal