Sasha Systems completed the following stock issuance transactions:

May 19	Issued 1,000 shares of $3 par value common stock for cash of $9.50 per share.
Jun. 3	Isssued 300 shares of $4, no-par preferred stock for $15,000 cash.
Jun. 11	Received equipment with a market value of $71,000 in exchange for 3,000 shares of the $3 par value common stock.

Requirements

1.	Journalize the transactions. Explanations are not required.
2.	How much paid-in capital did these transactions generate for Sasha 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 $9.50 per share.