Cheyenne Corp.began operations on April 1 by issuing 66,100 shares of $5 par value common stock for cash at $16 per share. On April 19, it issued 1,500 shares of common stock to attorneys in settlement of their bill of $30,000 for organization costs. In addition, Cheyenne issued 1,000 shares of $2 par value preferred stock for $8 cash per share. Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit (To record issuance of common stock for attorney's fees)