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Skylar Systems completed the following stock issuance transactions (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2.
Skylar Systems completed the following stock issuance transactions (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 Skylar Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 1.600 shares of $3 par value common stock for cash of $9.00 per share More info May 19 Issued 1,600 shares of $3 par value common stock for cash of $9.00 per share Jun. 3 Isssued 260 shares of $5, no-par preferred stock for $13,000 cash. Jun. 11 Received equipment with a market value of $71.000 in exchange for 9,000 shares of the $3 par value common stock
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