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Share issuances for Cash Finlay, Inc. issued 80.000 shares of $50 par value preferred stock at 568 per share and 120,000 shares of no par value common stock at $10 per share. The common stock has no stated value Assuances were for cash a. Prepare the journal entries to record the share issuances b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $5 per share Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $1 per share Support Debit Credit General Journal Description Ref. a. Cash Common Stock No-Par Value Common Stock Paid-in-Capital in Excess of Par Value - Common Stock Paid-in-Capital in Excess of Par Value-Preferred Stock Paid-in-Capital in Excess of Stated Value - Common Stock Preferred Stock issueu TZU,UUU Smares or no-par value common stock. Common Stock Issued 120,000 shares of no-par common stock, stated value of $5, at $10per share