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The XYZ Company Board of Directors authorized 10,000,000 shares of $2 par stock and 10,000 shares of $100 par 11% preferred stock. Give the journal

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The XYZ Company Board of Directors authorized 10,000,000 shares of $2 par stock and 10,000 shares of $100 par 11% preferred stock. Give the journal entries for the following transactions. 1. On January 1 Year 1-200,000 shares of common stock were issued at $13 per share On February 1, Year 1-300,000 shares of common stock were issued at $15 per share. 2. 3, on March 15, Year 1-10,000 shares of $100 par 9% preferred stock were sold for $120

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