New Securities Issues Equity American Materials Transfer Corporation (AMTC)5.5 million common shares, $0.001 par, priced at $13.304 each through underwriters led by Second Tennessee Bank N.A. and Morgan, Dunavant & Co., according to a syndicate official. Proactive Solutions Inc. (PSI)Offering of 9 million common shares, $0.01 par, was priced at $13.60 a share via lead manager Stanley Brothers, Inc., according to a syndicate official. Required: Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs.

Record the issuance of the AMTC stock.

Record the issuance of the PSI stock.