The charter for Zoffer, Ino, authorizes the company to issue 100,000 shares of $9, no-par preferred stock and 400.000 shares of common stock with $3 par value During its start-up phase, Zeffer, Ino, completed the following transactions Click on the icon to view the transactions) Read the requirements Requirement 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any Journal entries.) Apr 6: Issued 575 shares of common stock to the promoters who organized the corporation, receiving cash of $19,550. Journal Entry Accounts Debit Credit Apr 6 Common stock Paid-in capital in excess of par-common Date w na Ursy, no-par preferred stock and 400.000 shares of common stock with $3 par value its start-up Click on the he required More Info - X rement 1.1 Issued 575 2018 Apr 6 Issued 575 shares of common stock to the promotors 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 ate monica Print Done nu number in the innuit fields and then click Check