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Stellar Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2.
Stellar 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 Stellar Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Date Accounts Debit Credit May 19 Jun 3: Issued 300 shares of S, no-par preferred stock for $15,000 cash. Date Accounts Debit Credit Jun. 3 Cash Common Stock-$3 Par Value Equipment Jun. 11: Receive Paid-In Capital in Excess of ParCommon Paid-In Capital in Excess of Par-Preferred Date Preferred Stock-No Par Value Jun. 11 Retained Earnings 5,000 shares of the $3 par value common stock Debit Credit Jun. 3: Issued 300 shares of $9, no-par preferred stock for $15,000 cash. Date Accounts Debit Credit Jun. 3 Jun. 11: Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. Date Accounts Debit Credit Jun. 11 Requirement 2. How much paid-in capital did these transactions generate for Stellar Systems? Total paid-in capital generated from these transactions amounts to $ L Choose from any list or enter any number in the input fields and then continue to the next
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