Sarah Systems completed the following stock issuance transactions: (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 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 1,600 shares of $1 par value common stock for cash of $11.00 per share. Date May 19 Accounts Debit Credit More info May 19 Jun. 3 Jun. 11 Issued 1,600 shares of $1 par value common stock for cash of $11.00 per share. Isssued 200 shares of $5, no-par preferred stock for $10,000 cash. Received equipment with a market value of $75,000 in exchange for 3,000 shares of the $1 par value common stock. Print Done