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Stanley Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2.
Stanley 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 Stanley Systems? More info \begin{tabular}{ll} \hline May 19 & Issued 1,600 shares of $2 par value common stock for cash of $11.50 per share. \\ Jun. 3 & Isssued 400 shares of $5, no-par preferred stock for $20,000 cash. \\ Jun. 11 Received equipment with a market value of $73,000 in exchange for 9,000 shares of \\ & the $2 par value common stock. \end{tabular} the $2 par value common stock
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