On May 1,10,000 shares of $10 par comenon stock mere issued at $30, and on May 7,$,000 share of $50 par preferred stock were issued at $111. Journalize the entry for May 1. If an amount box does not reouire an entry, leave it blank. May 1 Journalize the entry for May 7. If an amount box does not require an entry, leave it blank