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A corporation issues 1, 500 shares of common stock for $32.000. The stock has a stated value of $10 per share. The journal entry- to record the stock issuance would include a credit to Common Stock for $15,000 $32,000 $17,000 $2,000 On June 5, Belen Corporation reacquired 3, 300 shares of it common stock at $45 per share. On July 15, Belen sold 2,000 of the reacquired shares at $48 per share. On August 30. Belen sold the remaining shares at $42 per share. Journalize the transactions of June 5, July 15, and August 30. On October 1, Ramos Co, signed a $90,000, 60-day discounted note at the bank. The discount rate was 6%. and the note was paid on November 30. (Assume a 360-day year is used for interest calculations.) A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares of $4 preferred stock, $12 par. and 100,000 shares of $3 par common stock. The following selected transactions were completed during the first year of operations