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Skywalker Systems completed the following stock issuance transactions: - May 19 issued 1,670 shares of $7.00 par value common stock for cash of $12.00 per

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Skywalker Systems completed the following stock issuance transactions: - May 19 issued 1,670 shares of $7.00 par value common stock for cash of $12.00 per share. - June 4 issued 230 shares of preferred stock for $9,700 cash. - June 13 Received equipment with a market value of $77,300 in exchange for 16,930 shares of the $4.00 par value common stock. 1. Journalize the required transactions. 2. How much paid-in capital did these transactions generate for Skywalker Systems? 2. How much paid-in capital did these transactions generate for Skywalker Systems

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