Transcribed image text: King Corporation began operations in January of the current year. The charter authorized the following stock: Preferred stock: 10 percent. $10 par value, 41,800 shares authorized Common stock: $5 par value, 85,200 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 23,200 shares of common stock for $9 per share. b. Sold 7,900 shares of the preferred stock at $20 per share. c. Sold 2,100 shares of the preferred stock at $20 per share and 2,500 shares of common stock at $10 per share. Required: Provide the journal entries required to record each of the transactions in (a) through (c). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Issued 23,200 shares of common stock for $9 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Prey 2 of 2 Next > View transaction list Journal entry worksheet 1 3 Sold 7,900 shares of the preferred stock for $20 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b. View general journal Clear entry Record entry Journal entry worksheet 1 2 Sold 2,100 shares of the preferred stock for $20 per share and 2,500 shares of common stock for $10 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit c. Record entry Clear entry View general journal