The charter for Zetter, Inc. authorizes the company to issue 100,000 shares of $9, no par preferred stock and 400,000 shares of common stock with 53 par value During its start-up phase Zeffer, Inc. completed the following transactions (Click on the icon to view the transactions) Read the requirements Requirement 1. Record the transactions in the journal (Record debit first, then credits Exclude explanation from any journal entre Apr 6 issued 575 shares of common stock to the promotors who organized the corporation, receiving cash of $19,550 Journal Entry Date Accounts Debit Credit Ape Common stock Paid-in capital in excess of par-common the input fields and then click Check Answer More Info - X 2018 Apr 6 Issued 575 shares of common stock to the promoters who organized the corporation, receiving cash of $19,550. 12 Issued 500 shares of preferred stock for cash of $25,000 14 Issued 1,800 shares of common stock in exchange for land with a market value of $17,000 Print Done