Saved Help Save & Exit Check my Prepare journal entries to record each of the following four separate issuances of stock 1. A corporation issued 10,000 shares of $10 par value common stock for $120,000 cash 2. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be wort $48,000. The stock has a $1 per share stated value 3. A corporation issued 5,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $48,000. The stock has no stated value. 4. A corporation issued 2,500 shares of $25 par value preferred stock for $110,500 cash. View transaction list Journal entry worksheet