King Corporation began operations in January of the current year. The charter authorized the following stock: Preferred stock: 10 percent, $11 par value, 41,200 shares authorized Common stock: $6 par value, 85,500 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 23,000 shares of common stock for $10 cash per share. b. Sold 7,400 shares of the preferred stock at $21 cash per share c. Sold 1,200 shares of the preferred stock at $21 cash per share and 3,200 shares of common stock at $11 cash per share. Required: Provide the journal entries required to record each of the transactions in (a) through (c) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3 Issued 23,000 shares of common stock for $10 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit a. Record entry Clear entry view general journal