5 oints 02:04:45 Brief Exercise 10-5 (Algo) Record issuance of preferred stock (LO10-3) Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $18 per share. Record the issuance of the preferred shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Skipped View transaction list eBook Print References Journal entry worksheet 1 Record the issuance of preferred stock. Note: Enter debits before credits. Transaction. 1 General Journal Debit Credit