Read the requirements Issued common stock for cash. Apr. 12: Received inventory with a market value of $28,000 and equipment with a market value of $14,000 for 300 s Debit Credit Date Accounts and Explanation Apr 12 14,000 28,000 900 Equipment Inventory Common Stock-$3 Par Value Paid-in Capital in Excess of Par-Common Issued common stock for inventory and equipment 41,100 Apr 17: Issued 1,000 shares of 6%, $10 par value preferred stock for $10 per share, Date Accounts and Explanation Debit Credit Apr. 17