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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? Jun. 3: Issued 200 shares of $3, no-par preferred stock for $10,000 cash. Date Accounts Debit Credit Jun. 3 Cash 10,000 Preferred StockNo Par Value 10,000 Jun. 11: Received equipment with a market value of $76,000 in exchange for 7,000 shares of the $1 par value common stock. Date Accounts Debit Credit Jun. 11 O More Info X May 19 Jun. 3 Issued 1,000 shares of $1 par value common stock for cash of $9.00 per share. Isssued 200 shares of $3, no-par preferred stock for $10,000 cash. Received equipment with a market value of $76,000 in exchange for 7,000 shares of the $1 par value common stock. Jun. 11 er Print Done
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