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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.
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? May 19: Issued 1,900 shares of $2 par value common stock for cash of $13.00 per share. More info \begin{tabular}{ll} \hline May 19 & Issued 1,900 shares of $2 par value common stock for cash of $13.00 per share. \\ Jun. 3 & Isssued 300 shares of $5, no-par preferred stock for $15,000 cash. \\ Jun. 11 & Received equipment with a market value of $73,000 in exchange for 9,000 shares of the $2 par value common stock. \\ \hline \end{tabular}
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