King Corporation began operations in January of the current year. The charter authorized the following stock:

Preferred stock: 10 percent, $11 par value, 41,100 shares authorized

Common stock: $6 par value, 85,500 shares authorized

During the current year, the following transactions occurred in the order given:

1. Issued 23,200 shares of common stock for $10 per share.
2. Sold 8,100 shares of the preferred stock at $21 per share.
3. Sold 1,600 shares of the preferred stock at $21 per share and 3,200 shares of common stock at $11 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.)