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E13-21 (similar to) Skylar Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are

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E13-21 (similar to) Skylar 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 Skylar Systems? Issued 2,000 shares of $2 par value common stock for cash of $10.00 per May 19 share. Jun. 3 Isssued 300 shares of $7, no-par preferred stock for $15,000 cash. 11 Received equipment with a market value of $78,000 in exchange for 3,000 shares of the $2 par value common stock

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