K Sandy Systems completed the following stock issuance transactions: (Click the icon to view the transactions.)...

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K Sandy 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 Sandy Systems? Date May 19 Accounts Cash Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Jun. 3: Issued 340 shares of $8, no-par preferred stock for $17,000 cash. Date Jun. 3 Accounts Debit Credit 28,750 2,500 26,250 Debit Credit K Sandy 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 Sandy Systems? Date May 19 Accounts Cash Common Stock-$1 Par Value Paid-In Capital in Excess of Par-Common Jun. 3: Issued 340 shares of $8, no-par preferred stock for $17,000 cash. Date Jun. 3 Accounts Debit Credit 28,750 2,500 26,250 Debit Credit