ork /Test Score: 0 of 20 pts 2 of 8 (6 complete) HW Score: 65%, 65 of 100 pts E13-23 (similar to) Question Help The charter for KCAS - TV, Inc. authorizes the company to issue 100,000 shares of $7. no-par preferred stock and 500,000 shares of common stock with $1 par value During its start-up phase, KCAS - TV completed the following transactions: (Click on the icon to view the transactions) 0 Re More Info Re In the last line of the journal entry table) Sel so Issued 250 shares of common stock to the promotors who organized the corporation, receiving Sep. 6 cash of $7,500 Sep. 12 Issued 650 shares of preferred stock for cash of $20,000 Sep. 14 Insued 1,300 shares of common stock in exchange for land with a market value of $24,000 Assume KCAS - TV, Inc. had net income of $35,000 for the month. Print Done Chan 3 parts remaining Clear All Check Answer Score: 0 of 20 pts 2 of 8 (6 complete) HW Score: 65%, 65 of 100 pts 13-23 (similar to) Question Help The charter for KCAS-TV, Inc. authorizes the company to issue 100,000 shares of S7, no-par preferred stock and 500,000 shares of common stock with $1 par value. Puring its start-up phase, KCAS - TV completed the following transactions (Click on the icon to view the transactions) Read the courements Requirement 1. Record the transactions in the generat journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Sop. 6: Issued 250 shares of common stock to the promoters who organized the corporation, receiving cash of $7,500 Accounts and Explanation Debit Date Credit Sep. 0 Choose from any list or enter any number in the input fields and then click Check Answer. 3 Parts Clear All remaining Check