Use the following information for Exercises $4-5$ below. $($Algo$)$

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Following are the issuances of stock transactions.

A corporation issued $8,000$ shares of $$20$ par value common stock for $$192,000$ cash.

A corporation issued $4,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$41,000.$ The stock has a $$1$ per share stated value.

A corporation issued $4,000$ shares of no$-$par common stock to its promoters in exchange for their efforts, estimated to be worth $$41,000.$ The stock has no stated value.

A corporation issued $2,000$ shares of $$100$ par value preferred stock for $$241,000$ cash.

Exercise $11-4($Algo$)$ Recording stock issuances LO P$1$

Prepare journal entries to record each of the following four separate issuances of stock