King Corporation began operations in January of the current year. The charter authorized the following stock: Preferred stock 10 percent. $12 par value. 40,700 shares authorized Common stock: $7 par value, 85.400 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 23.300 shares of common stock for $11 per share. b. Sold 7,600 shares of the preferred stock at $22 per share. c. Sold 1.900 shares of the preferred stock at $22 per share and 2,200 shares of common stock at $12 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 1 2 Issued 23,300 shares of common stock for $11 per share. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general Journal King Corporation began operations in January of the current year. The charter authorized the following stock Preferred stock 10 percent. $12 par value. 40.700 shares authorized Common stock: $7 par value, 85.400 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 23.300 shares of common stock for $11 per share. b. Sold 7.600 shares of the preferred stock at $22 per share. c. Sold 1.900 shares of the preferred stock at $22 per share and 2,200 shares of common stock at $12 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 Mat Journal entry worksheet