Pall 201 I. Lucy Corporation was authorized to issue 900,000 shares of common stock. REQUIRED: Give the general journal entry required to record the issue of 20,000 shares of stock for S18 per share cash assuming that the common stock A. has no par and no stated value B. has a par value of $12 per share C. has a stated value of $5 per share Linus Corporation was authorized to issue 100,000 shares of $10-par value common stock and 40,000 shares of $120-par value preferred stock IL REQUIRED: A. Give the general journal entries required to record the following transactions for Linus Corporation 1. Issued 24,000 shares of common stock for $16 per share cash. 2 Issued 40,000 shares of preferred stock for $130 per share cash