The chanter for KXAS.-TV, Inc. authorizes the company to issue 100,000 shares of SA, no-par preferred stock and 500,000 shares of common stock with $1 par value. During its start-up phase. KXAS-TV completed the following transactions Click on the icon to view the transactions) Read the requirements Requirement 1. Record the transactions in the general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Sep. 6: Issued 525 shares of common stock to the promoters who organized the corporation, receiving cash of $15.750. he promoters who organized the corneration receiving cash of $15.750 Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the KXAS - TV balance sheet at September 30, 2018, assuming KXAS - TV, Inc. had net income of $34,000 for the month. Print Done The chanter for KXAS.-TV, Inc. authorizes the company to issue 100,000 shares of SA, no-par preferred stock and 500,000 shares of common stock with $1 par value. During its start-up phase. KXAS-TV completed the following transactions Click on the icon to view the transactions) Read the requirements Requirement 1. Record the transactions in the general journal (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Sep. 6: Issued 525 shares of common stock to the promoters who organized the corporation, receiving cash of $15.750. he promoters who organized the corneration receiving cash of $15.750 Requirements 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of the KXAS - TV balance sheet at September 30, 2018, assuming KXAS - TV, Inc. had net income of $34,000 for the month. Print Done