The charter of Cherry Blossom Corporation authorizes the issuance of 900 shares of preferred stock and 2,000 shares of common stock... During a two-month period, Cherry Blossom completed these stock-issuance transactions: (Click 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.) Mar. 23: Issued 270 shares of $2 par value common stock for cash of $19 per share.