Culver Corporation began operations on April 1 by issuing 52,800 shares of $5 par value common stock for cash at $16 per share. In addition, Culver issued 2,900 shares of $1 par value preferred stock for $3 per share. Journalize the issuance of the common and preferred shares. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
April 1	enter an account title to record issuance of common shares on April 1	enter a debit amount	enter a credit amount
	enter an account title to record issuance of common shares on April 1	enter a debit amount	enter a credit amount
	enter an account title to record issuance of common shares on April 1	enter a debit amount	enter a credit amount
	(To record issuance of common shares)
April 1	enter an account title to record issuance of preferred shares on April 1	enter a debit amount	enter a credit amount
	enter an account title to record issuance of preferred shares on April 1	enter a debit amount	enter a credit amount
	enter an account title to record issuance of preferred shares on April 1	enter a debit amount	enter a credit amount
	(To record issuance of preferred shares)