Question

Please answer in same formatting.

Sasha Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Sasha Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any jounal entries) May 19: Issued 1,400 shares of $1 par value common stock for cash of $9.00 per share. Date Accounts Debit Credit May 19 Jun. 3: Issued 200 shares of $7, no-par preferred stock for $10,000 cash. Date Accounts Debit Credit Jun. 3 Choose from any list or enter any number in the input fields and then continue to the next question

Answer 1

Date	Accounts				Debit	Credit
19-May	Cash				12600
	Common Stock					1400
	paid in capital in excess of par -Common					11200
3-Jun	Cash				10,000
	Preferred Stock-no par value					10,000
11-Jun	Equipment				74,000
	Common stock					7,000
	paid in capital in excess of par-Common					67,000
Requirement 2
	total paid in capital generated from these transactions amount to $							96,600