41 Prepare journal entries for each of the following transactions. corporation issued 40,000 shares of no-par common stock at $12 per share. a. July 1 The he corporation issued 1,500 shares of $50 par, 10% cumulative preferred stock for stock for a patent valued at 12 $134,000 c. July 28 The corporation issued 5,000 shares of no-par common $80,000 d. July 31 The corporation has a net loss of $10,000 for the month of July Journal POST REF DEBIT CREDIT DATE ACCOUNTS AND EXPLANATIONS