Requirements

1.	Journalize the transactions. Explanations are not required.
2.	How much paid-in capital did these transactions generate for Sydney Sydney Systems?

More Info Issued 1,300 shares of $2 par value common stock for cash of $13.50 per May 19 share. Jun. 3 Isssued 400 shares of $6, no-par preferred stock for $20,000 cash. 11 Received equipment with a market value of $68,000 in exchange for 7,000 shares of the $2 par value common stock. Print Done Sydney Systems completed the following stock issuance transactions: 1 (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required 2. How much paid-in capital did these transactions generate for Sydney Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Check your spelling carefully and do not abbreviate. Be sure to include the type of stock in the account names where applicable and enter par values as whole dollar amounts. Record debts first, then credits. Exclude explanations from any journal entries.) May 19: Issued 1,300 shares of $2 par value common stock for cash of $13.50 per share. Date Accounts Debit Credit May 19 Jun. 3: Issued 400 shares of $6, no-par preferred stock for $20,000 cash. Date Accounts Debit Credit Jun. 3 Jun. 11: Received equipment with a market value of $68,000 in exchange for 7,000 shares of the $2 par value common stock. Date Accounts Debit Credit Jun. 11 Requirement 2. How much paid-in capital did these transactions generate for Sydney Systems? Total paid-in capital generated from these transactions amounts to$