King Corporation began operations in January 2014. The charter authorized the following capital stock Preferred stock: 10 percent, $14 par, authorized 40,800 shares Common stock: $9 par, authorized 85,800 shares During 2014, the following transactions occurred in the order given: a. Issued 23,400 shares of common stock to each of the three organizers and collected $13 cash per share from each of them b. Sold 8,100 shares of the preferred stock at $24 per share. c. Sold 1,300 shares of the preferred stock at $24 and 2,800 shares of common stock at $14 per share. Required: Prepare the journal entries indicated for each of the above transactions. (If no entry is required for a transaction/levent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Issued 23,400 shares of common stock to each of the three organizers and collected $13 cash per share from each of them. Note: Enter debits before credits. ransaction General Journal Debit Credit a