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On April 1, 9,000 shares of $6 par common stock were issued at $25, and on April 7, 6,000 shares of $60 par preferred stock

On April 1, 9,000 shares of $6 par common stock were issued at $25, and on April 7, 6,000 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. Apr. 1 Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Apr. 7 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock 225,000 54,000 642,000 360,000 282,000

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