On April 1, 10,000 shares of $6 par common stock were issued at $22, and on April 7, 5,000 shares of $60 par preferred stock were issued at $104.

Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank.

Apr. 1Cash

Paid-In Capital in Excess of Par-Preferred Stock

Preferred Stock

Apr. 7Cash

Preferred Stock

Paid-In Capital in Excess of Par-Preferred Stock