If $922,000 of 7% bonds are issued at 102 1/2, The amount of cash received from the sale is a. $942,000 b. $965,550 c. $1,007,940 d. $706,500 en April 1, 11,000 shares of $7 par common stock were issued at $25, and on April 7, 4,000 shares of $70 par preferred stock were issued at $107. ournalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Apr. 7 Print Item On April 1, 11,000 shares of $7 par common stock were issued at $25, and on April 7, 4,000 shares of $70 par preferred stock were issued at $107. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Apr. 1 Apr. 7 8