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  3. skylar systems completed the following stock issua

Skylar Systems completed the following stock issuance transactions (Click the icon to view the transactions.)...

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Skylar 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 Skylar Systems? Requirement 1. Journalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) May 19: Issued 1.600 shares of $3 par value common stock for cash of $9.00 per share More info May 19 Issued 1,600 shares of $3 par value common stock for cash of $9.00 per share Jun. 3 Isssued 260 shares of $5, no-par preferred stock for $13,000 cash. Jun. 11 Received equipment with a market value of $71.000 in exchange for 9,000 shares of the $3 par value common stock

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