Entries for issuing stock Instructions Chart of Accounts Instructions Journal On May 23, Washburn Realty Inc. issued for cash 114,000 shares of no-par common stock (with a stated value of $5) at $9. On July 6, Washburn Realty Inc. issued at par value 38,000 shares of preferred 1% stock, $10 par for cash. On September 15, Washburn Realty Inc. issued for cash an additional 18,000 shares of no-par common stock (with a stated value of $5) for $23. Required: Journalize the entries to record the May 23, July 6, and September 15 transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Journal 1 2 3 6 7 8 DATE DESCRIPTION POST. REF. DEBIT CREDIT