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? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 1,100 shares of $2 par value common stock for cash of $11.00 per share. Date Debit May 19 Accounts Jun. 3: Issued 260 shares of $4, no-par preferred stock for $13,000 cash. Date Accounts Jun. 3 Debit Credit Credit More Info Issued 1,100 shares of $2 par value common stock for cash of $11.00 per May 19 share. Jun. 3 Isssued 260 shares of $4, no-par preferred stock for $13,000 cash. 11 Received equipment with a market value of $76,000 in exchange for 10,000 shares of the $2 par value common stock. Print Done Jun. 11: Received equipment with a market value of $76,000 in exchange for 10,000 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 Sarah Systems? Total paid-in capital generated from these transactions amounts to $ Choose from any list or enter any number in the input fields and then continue to the next question