**Issuances of Stock Transactions** 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 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 $29,000. 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 $29,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $79,000 cash. **Journal Entries** Prepare journal entries to record each of the four separate issuances of stock. **Journal Entry Worksheet** - **Transaction 2:** - Record the issue of 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,000. The stock has a $1 per share stated value. **Table: Journal Entry** | Transaction | General Journal | Debit | Credit | |-------------|-----------------|-------|--------| | 2 | | | | (Note: Remember to fill in the appropriate debits and credits for each transaction.) **Required Information** *The following information applies to the questions displayed below.* The following are the issuances of stock transactions: 1. A corporation issued 4,000 shares of $30 par value common stock for $144,000 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 $29,000. 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 $29,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $79,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. **Journal Entry Worksheet** - **A:** Debit and Credit columns are provided but no information has been filled in yet. An interactive element labeled "View transaction list" can be used to access additional details. **Instructions:** - Record the issue of 4,000 shares of $30 par value common stock for $144,000 cash in the journal entry table provided under "Transaction." The worksheet shows placeholders for journal entry details with space allocated for recording debits and credits, but these have not yet been filled out. Below the worksheet entry example, there are multiple pages indicated, such as "Prev" and "Next," suggesting more entries or information is available on other pages.