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Sierra Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements Journalize the transactions. Explanations are not required. 1.

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Sierra Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements Journalize the transactions. Explanations are not required. 1. 2. How much paid-in capital did these transactions generate for Sierra Systems? Requirement 1. Joumalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) June 19: Issued 1,900 shares of $4 par common stock for cash of $10.00 per share. Date Jun 19 Journal Entry Accounts More info Debit Credit Jun Jul 3 19 Issued 1,900 shares of $4 par common stock for cash of $10.00 per share. Sold 500 shares of $2.00, no-par preferred stock for $25,000 cash. 11 Received inventory with a market value of $28,000 and equipment with market value of $8,000. Issued 3,000 shares of the $4 par common stock in exchange. Print Done

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