Sierra Corporation engaged in the following share transactions in the first quarter of their fiscal year. Sep 19 Issued 5,000 common shares for cash of $13.50 per share. Od. 3 Sold 4,000 $3.00 Class A preferred shares for $16.000 cash to new investors 11 Received inventory valued at $38,000 and vehicles with market value of $20,000 for 6,200 common shares . 15 Issued 2,000 53.00 Class B preferred shares for $14.00 per share. Required 1. Journalize the transactions. Explanations are not required. 2. How much contributed capital did these transactions generate for Sierra Corporation? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) September 19. Issued 5,000 common shares for cash of $13.50 per share Date Journal Entry Accounts Debit Credit Sep 19