K Stanley Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Stanley Systems? Paid-In Capital in Excess of Par-Common Jun. 3: Issued 260 shares of $6, no-par preferred stock for $13,000 cash. Date Accounts Debit Credit 9,000 May 19 Jun. 3 Jun. 11 Issued 1,000 shares of $3 par value common stock for cash of $12.00 per share. Isssued 260 shares of $6, no-par preferred stock for $13,000 cash. Received equipment with a market value of $71,000 in exchange for 11,000 shares of the $3 par value common stock. Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 1,000 shares of $3 par value common stock for cash of $12.00 per share. Date May 19 Accounts Cash Common Stock $3 Par Value Paid-In Capital in Excess of Par-Common Debit Credit 12,000 3,000 9,000 ares of $6, no-par preferred stock for $13,000 cash. Date Accounts Jun. 3 Cash Preferred Stock-No Par Value Preferred StockNo Par Value Debit Credit 13,000 13.000 A