E13-23 (similar to) Question Help The charter for KVIP-TV, Inc. authores the company to issue 100,000 shares of $6. no-par preferred stock and 500,000 shares of common stock wth $1 par value Duning its start-up phase, KVIP - TV completed the following transactions (Click on the icon to view the transactions) Read the requirements Requirement 1. Record the transactions in the general journal (Record debitsfrist, then credits Select the expansion on the last line of the journal entry table) Sep 6. Issued 300 shares of common stock to the promoters who organized the corporation, receiving cash of $9.000 Date Accounts and explanation Debit Credit Sep 6 More Info Issued 300 shares of common stock to the promoters who organized the corporation, receiving Sep. 6 Cash of $9.000 Sep. 12 issued 500 shares of preferred stock for cash of $21,000 Sep 14 Issued 1.700 shares of common stock in exchange for land with a market value of $20.000 Assume KVP-TV, Inc had net income of $33,000 for the month Print Done Choose from any list or enter any number in the input fields and then click CheckA