More info Jun Jul 19 Issued 1,200 shares of $4 par common stock for cash of $11.50 per share. 3 Sold 340 shares of $4.00, no-par preferred stock for $17,000 cash. 11 Received inventory with a market value of $28,000 and equipment with market value of $16.000. Issued 2,000 shares of the $4 par common stock in exchange Print Done This question: 6 points possible Sydney Systems completed the following stock issuance transactions: (Click the icon to view the transactions) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Sydney Systems? Requirement 1. Journalize the transactions Explanations are not required. (Record debits first, then credits. Exclude explanations from any journa June 19. Issued 1.200 shares of $4 par common stock for cash of $11.50 per share Journal Entry Accounts Date Debit Credit Jun 19|| Cash 13800 Common stock ily Sold 300 shares of $40 for 470 July 3 Sold 340 shares of $400, no per proferred stock for $17,000 cash Journal Entry Accounts Date Debit Credit Jul July 11 Received inventory valued at $28 000 and equipment with market value of $16,000 Issued 2000 shares of the 54 par common stock in exchange Journal Entry Accounts Date Debit Credit 11 Requirement 2. How much paid in capital did these transactions generate for Sydney Systems? G O . be here to search