On April 1, 8,000 shares of $6 par common stock were issued at $25, and on April 7, 4,000 shares of $60 par preferred stock were issued at $107.

On April 1, 8,000 shares of $6 par common stock were issued at $25, and on April 7, 4,000 shares of $60 par preferred stock were issued at $107 Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank or enter "O". Apr. 1 Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Apr. 7 n