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Prepare the necessary journal entry for each of the following transactions for Zenia Corporation. (Credit account titles are automatically indente amounts.) (a) Issued 2,000 shares

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Prepare the necessary journal entry for each of the following transactions for Zenia Corporation. (Credit account titles are automatically indente 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. Debit Credit No. Account Titles and Explanation (a) (b)

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