Sarah Systems completed the following stock issuance transactions: i 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? Jun. 3: Issued 240 shares of S2, no-par preferred stock for $12,000 cash. Date Accounts Debit Credit Jun. 3 Jun. 11: Received equipment with a market value of $77,000 in exchange for 3,000 shares of the 53 par value common stock Date Accounts Debit Credit Jun. 11 Requirement 2. How much paid-in capital did these transactions generate for Sarah Systems? Total paid-in capital generated from these transactions amounts to $ 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 1,000 shares of $3 par value common stock for cash of $10.00 per share. Date Accounts Debit Credit i More Info May 19 Issued 1,000 shares of $3 par value common stock for cash of $10.00 per May 19 share. Jun. 3 Isssued 240 shares of $2, no-par preferred stock for $12,000 cash. 11 Received equipment with a market value of $77,000 in exchange for 8,000 shares of the $3 par value common stock. Jun. 3: Issued 240 shares of $2, no-par preferred stock for $12,000 cash. Date Accounts Debit Credit Jun. 3 Print Done