King Corporation began operations in January of the current year. The charter authorized the following stock: Preferred stock: 10 percent, $14 par value, 40,000 shares authorized Common stock: $9 par value, 86,500 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 23,100 shares of common stock for $13 per share. b. Sold 7,600 shares of the preferred stock at $24 per share. c. Sold 1,500 shares of the preferred stock at $24 per share and 2,200 shares of common stock at $14 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.) Journal entry worksheet Sold 7,600 shares of the preferred stock for $24 per share. Note: Enter debits before credits. Journal entry worksheet Sold 1,500 shares of the preferred stock for $24 per share and 2,200 shares of common stock for $14 per share. Note: Enter debits before credits