King Corporation began operations in January of the current year. The charter authorized the following stock: Preferred stock: 10 percent, $12 par value, 41,000 shares authorized Common stock: $7 par value, 86,000 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 23,900 shares of common stock for $11 per share. b. Sold 8,000 shares of the preferred stock at $22 per share. c. Sold 1,600 shares of the preferred stock at $22 per share and 2,700 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 Issued 23,900 shares of common stock for $11 per share. Journal entry worksheet Sold 8,000 shares of the preferred stock for $22 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet