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Stevie Systems completed the following stock issuance transactions: i (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not
Stevie Systems completed the following stock issuance transactions: i (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 Stevie Systems? More info May 19 Jun. 3 Issued 2,000 shares of $2 par value common stock for cash of $13.50 per share. Isssued 400 shares of $8, no-par preferred stock for $20,000 cash. Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude ex May 19: Issued 2,000 shares of $2 par value common stock for cash of $13.50 per share. Jun. 11 Received equipment with a market value of $74,000 in exchange for 5,000 shares of the $2 par value common stock. Date May 19 Accounts Debit Credit Jun. 3: Issued 400 shares of $8, no-par preferred stock for $20,000 cash. Date Jun. 3 Accounts Debit Credit Print Done
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