More info Jun 19 Issued 1,600 shares of $5 par common stock for cash of...
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More info Jun 19 Issued 1,600 shares of $5 par common stock for cash of $12.50 per share. Jul 3 Sold 300 shares of $4.50, no-par preferred stock for $15,000 cash. 11 Received inventory with a market value of $23,000 and equipment with market value of $17,000. Issued 6,000 shares of the $5 par common stock in exchange. Sarah Systems completed the following stock issuance transactions: Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Sarah Systems? Requirement 1. Joumalze the transactions. Explanations are not required. (Record debits first, then credits. Exclude oxplanations from any joumal ontries.) June 19: Issued 1,600 shares of $5 par common stock for cash of $12.50 per sharez
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