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1. MaiTai's Furniture Emporium has $2 par value common stock and the company issues 19,000 shares at $3 per share for cash. 2. Krazy Kelli's

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1. MaiTai's Furniture Emporium has $2 par value common stock and the company issues 19,000 shares at $3 per share for cash. 2. Krazy Kelli's Furniture Warehouse has $22 stated value no-par preferred stock and the company issues 14.000 shares at $25 per share for cash. Prepare the journal entry for the stock issuance under both scenarios (5 points each)

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