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Required information [The following information applies to the questions displayed below]...

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Accounting

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Required information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has a $1 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $96,500 cash. Prepare journal entries to record each of the following four separate issuances of stock. Journal entry worksheet Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $21,500. The stock has a $1 per share stated value. Note: Enter debits before credits

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