Ayayal Corp. began operations on April 1 by issuing 51.000 shares of $3 par value common stock for cash at $ 11 per share. In addition, Ayayal issued 1.100 shares of $ 1 par value preferred stock for $ 3 per share. Journalize the issuance of the common and preferred shares. (Credit occounttiles are automatically indented when amount is entered Do sat indent manually. If no entry is required, select Wo Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit April 1 (to record issuance of common shares) April 1 (To record issuance or preferred shares)