Question: What is the Journal Entry for both transactions given below: ABC received $300,000 in cash for issuing 10,000 shares of $9.00 par common stock. ABC

What is the Journal Entry for both transactions given below:
ABC received $300,000 in cash for issuing 10,000 shares of $9.00 par common stock.
ABC received $600,000 cash for issuing 2000 shares of $200/par preferred stock

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