Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,000 shares of preferred stock, par value $10. During the year, the following selected transactions occurred from four individuals and issued 5 900 shares of common stock to each a. Collected S49 cash per share b. Issued 6,900 shares of common stock to an outside investor at $49 cash per share c. Issued 8,900 shares of preferred stock at $16 cash per share. Required: 1. Prepare the journal entries indicated for each of these transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account f View transaction list Journal entry worksheet Record the issuance to four individuals of 5,900 shares each of common stock with no par value for a price of $49 per share