On April $1,10,000$ shares of $$5$ par common stock were issued at $$22,$ and on April $7,5,000$ shares of $$50$ par preferred stock were issued at $$104.$

Journalize the entries for April $1$ and $7.$ If an amount box does not require an entry, leave it blank.

April $1$

Common Stock

Paid$-$In Capital in Excess of Par$-$Common Stock

April $7$

Preferred Stock

Paid$-$In Capital in Excess of Par$-$Preferred Stock