On April 1, 8,000 shares of $7 par common stock were iSsued at $25, and on April 7, 2,000 shares of $70 par preferred stock were issued at $107. Journalize the entries for April 1 and 7 using the...

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Extracted text: On April 1, 8,000 shares of $7 par common stock were iSsued at $25, and on April 7, 2,000 shares of $70 par preferred stock were issued at $107. Journalize the entries for April 1 and 7 using the chart of accounts below. Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Paid-In Capoital in Excess of Par-Preffered Stock Preferred Stock Retained Earnings Treasury Stock Enter your answers into the table below. Key the account names carefully (exactly as shown above) and follow formatting instructions below. DO NOT USE A DECIMAL WITH ZEROES FOR WHOLE DOLLAR AMOUNTS AND USE COMMAS APPROPRIATELY. WHEN THE DEBIT/CREDIT DOES NOT REQUIRE AN ENTRY, LEAVE IT BLANK Date Account Debit Credit Apr. 1 pr. 7 UESTION WILL ALSO BE CHECKED MANUALLY (to make adjustments for typos).