Brief Exercise 10-5 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 $28 per share. Record the issuance of the preferred shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of preferred stock. Note: Enter debits before credits Transaction General Journal Debit Credit