Required information Use the following information for Exercises $4-5$ below. $($Algo$)$ Skip to question $[$The following information applies to the questions displayed below.$]$ Following are the issuances of stock transactions. A corporation issued $2,000$ shares of $$5$ par value common stock for $$12,000$ cash. A corporation issued $1,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$28,000.$ The stock has a $$3$ per share stated value. A corporation issued $1,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$28,000.$ The stock has no stated value. A corporation issued $500$ shares of $$50$ par value preferred stock for $$53,000$ cash. Exercise $11-4($Algo$)$ Recording stock issuances LO P$1$ Prepare journal entries to record each of the following four separate issuances of stockRecord the issue of $2,000$ shares of $$5$ par value common stock for $$12,000$ cash.

lote: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Joumal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$

Record the issue of $1,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$28,000.$ The stock has a $$3$ per share stated value.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[2,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

Record the issue of $1,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$28,000.$ The stock has no stated value.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[3,,,],[,,,],[,,,],[,,,],[,,,]]$

Record the issue of $500$ shares of $$50$ par value preferred stock for $$53,000$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[4,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$