Selected stock transactions Alpha Sounds Corp, an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter authorized 600,000 shares of common stock with a par of $1. The following transactions affecting stockholders' equity were completed during the first year of operations. Journalize the entries to record the transactions If an amount box does not require an entry, leave it blank. a. Issued 12,000 shares of stock at par to Paul Glenn for cash. Account Debit Credit b. (1) Issued 400 shares of stock at par to Michele Kirby for promotional services provided in connection with the organization of the corporation, and (2) issued 22,000 shares of stock at par to Michele Kirby for cash Account Debit Credit Transaction (A) (2) 00 00 00 00