View Policies Current Attempt in Progress Prepare the necessary journal entry for each of the following transactions for Crane Corporation. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) Issued 2,200 shares of its $10 par value common stock for $20 per share. (b) Issued 5,500 shares of its stock for land advertised for sale at $92,500. Crane's stock is currently actively traded at a market price of $16 per share. No. Account Titles and Explanation (a) (b) Debit Credit