httpsc blackboa mwe PP OU QUESTION 1 On April 1. 10,000 shares of Spar common stock were issued at $22, and on April 75.000 shares of $50 par preferred stock were sued at $104 Journalize the entries for April 1 and 7 Balance Sheet Accounts Assets 11 Cash 12 Accounts Receivable 13 Allowance for Doubtful Accounts 14 Supplies 15 Prepaid Insurance 17 Land TB Equipment 19 Accumulated Depreciation Equipment Liabilities 21 Accounts Payable 22 Wages Payable Unearned Rent 24 Dividends Payable Owner's Equity 31 Common Stock 32 Paldin Capital in excess of par common 33 Preferred Stock 34 Paid in Capital in excess of par preferred 35 Paid in capital from sale of Treasury Stock 36 Retained Earnings 37 Treasury Stock Type accounts names exactly as typed in the chart of accounts. Do not use commas or in your numbers 32 33 34 Common Stock Paldin Capital in excess of par common Preferred Stock Paid in Capital in excess of par preferred Pald in capital from sale of Treasury Stock Retained Earnings Treasury Stock 35 36 37 Type accounts names exactly as typed in the chart of accounts. Do not use commas or in your numbers Apr. 1 I UTIONS