Sarah Systems completed the following stock issuance transactions Click the icon to view the transactions.) Requirements 1. Joumalize the transactions. Explanations are not required. 2. How much paid in capital did these transactions generate for Sarah Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any Journal entries.) May 19. Issued 1,800 shares of $3 par value common stock for cash of $9.00 per share. Date Accounts Debit Credit May 19 More Info May 19 Jun. 3 Issued 1,800 shares of $3 par value common stock for cash of $9.00 per share. Isssued 500 shares of $6, no-par preferred stock for $25,000 cash. Received equipment with a market value of $77,000 in exchange for 5,000 shares of the $3 par value common stock. Jun. 11 Print Done