The charter for WBAL-TV, Inc. authorizes the company to issue 100,000 shares of $2, no-par preferred stock and 500,000 shares of common stock with $1 par value. During its start-up phase, WBAL- TV completed the following transactions: 1 Click on the icon to view the transactions) Read the requirements. Requirement1. 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 275 shares of common stock to the promoters who organized the corporation, receiving cash of S8,250 Date Accounts and Explanation Debit Credit Sep. 6 More Info Sep. 6 Issued 275 shares of common stock to the promoters who organized the corporation, receiving cash of $8,250. 12 Issued 450 shares of preferred stock for cash of $22,000. 14 Issued 1,300 shares of common stock in exchange for land with a market value Choose from any list or enter any number in the input of $18,000 parts remaining Final Check Print Done