Instructions On May 10, a company issued for cash 1,300 shares of no-par common stock (with a stated value of $2) at $14, and on May 15, it issued for cash 2,000 shares of $15 par preferred stock at $58. Required: Journalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. Refer to the Chart of Accounts for exact wording of account titles. Assuming a 360-day year, when a $50,000, 90-day, 9% interest-bearing note payable matures, total payment will be Oa. $54,500 Ob. $4,500 Oc. $51,125 Od. $1,125