Question 7 Journalize the following transaction: common stock for cash at $ 18 per share. common stock for the treasury at cash price of $9 per share. On per shares. preferred stock for cash at S130 per share. 1. On May 10, Jack Corporation issues 2,000 shares of $ 10 par value 2. On July 1, Raney Corporation purchase 500 shares of its $5 par value September , it sells 300 shares of the treasury stock for cash at S 11 3. On November 1, Garb Inc. issues 5,000 shares of S100 par value Date Account Dr. Cr