(Answered) Question - prepare journal entries for the following stock

Accounting

Question - Prepare Journal entries for the following stock transactions of Gamma Systems:

Apr 19 Issued 1,000 shares of $1 par common stock for cash of $10.50 per share.

May 3 Sold 300 shares of $4.50, no-par preferred stock for $15,000 cash.

May 11 Received inventory valued at $23,000 and equipment with a market value of $11,000. Issues 3,000 shares of the $1 par common stock.

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