Knighthood Inc. issued 7,000 shares of common stock. Prepare entries to record each of the following independent situations related to this issue of stock (Hint: use the Account List - click to pop open to help you with your journal entries). a) Stock issued for $25 cash per share when par value was $10 per share. Date Description Debit Credit b) Stock issued in exchange for equipment costing $9,000 when the stock had no par or stated value. Date Description Debit c) Stock issued for $10000 cash when the stock had a stated value of $1 per share. Date > Next Question Description Credit Debit Credit