A corporation issues $1,000$ shares of its $$20$ par value preferred stock for cash at $$22$ per share.

Make the journal entry to record the issuance of the preferred shares.

Journal entry worksheet

$1$

Record the issuance of the preferred shares.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$