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Hello, I currently need help with the problem found here. Thank you for your help and time! The articles of incorporation authorize 5,000,000 shares of

Hello, I currently need help with the problem found here. Thank you for your help and time!
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The articles of incorporation authorize 5,000,000 shares of common stock with a pat of $1 per share and 1,000,000 preferred shares with a par of $100 per share. Required: Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Issued 1,000,000 shares of common stock for $25 per share. Note: Enter debits before credits. Journal entry worksheet Issued 20,000 shares of common stock to accountants for $500,000 of professional services. Note: Enter debits before credits

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