use the information given to do the journal entries.

Prepare Journal entries to record the following four separate Issuances of stock. 1. A corporation Issued 6,000 shares of $20 par value common stock for $144,000 cash. 2. A corporation Issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,500. The stock has a $1 per share stated value. 3. A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,500. The stock has no stated value. A corporation issued 1,500 shares of $50 par value preferred stock for $119,500 cash. 4. Journal entry worksheet 2 1 2 3 4 Record the issue of 6,000 shares of $20 par value common stock for $144,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet 4 Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,500. The stock has a $1 per share stated value. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Journal entry worksheet 2 Record the Issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $44,500. The stock has no stated value. efore cre Transaction General Journal Debit Credit Journal entry worksheet 2 3 Record the issue of 1,500 shares of $50 par value preferred stock for $119,500 cash. Note: Enter debits before credits. General Journal Debit Credit