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Prepare the necessary journal entry for each of the following transactions for Zenia Corporation. (Credit account titles are automatically indented w indent manually. If no

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Prepare the necessary journal entry for each of the following transactions for Zenia Corporation. (Credit account titles are automatically indented w indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) (a) Issued 2,000 shares of its $5 par value common stock for $20 per share. (b) Issued 5,000 shares of its stock for land advertised for sale at $90,000. Zenia's stock is actively traded at a market price of $16 per share. No. Account Titles and Explanation Debit Credit (b)

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