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Requlred Information [The following information applies to the questions displayed below] Following are the issuances...

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Accounting

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Requlred Information [The following information applies to the questions displayed below] Following are the issuances of stock transactions. 1. A corporation issued 7,000 shares of $5 par value common stock for $42,000 cash. 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52,500. The stock has a $2 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $52.500. The stock has no stated value. 4. A corporation issued 1,750 shares of $50 par value preferred stock for $140,000 cash. Prepare journal entries to record each of the following four separate issuances of stock

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