Journalize the following transactions of Contessa Video Productions Inc.: April 19 Issued 2,700 common shares at $16 per share. July 22 Declared and paid a cash dividend of 50.85 per common share (12,000 common shares outstanding) 11 Issued 1,300 common shares at $18 per share. What was the overall effect of these transactions on Contessa's shareholders' equity? Nov Begin with journalizing the April 19ih transaction. Issued 2,700 common shares at S16 per share. (Record debits first, then credits. Explanation Journal Entry Debit Date Accounts Credit Apr 19