Current Attempt in Progress In its first year of operations, Kingbird, Inc. had the following transactions pertaining to its $11 par value preferred stock. Feb. 1 Issued 8,700 shares for cash at $26 per share. Issued 6,000 shares for cash at $25 per share. July 1 (a) Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit (Issued 8,700 shares at $26 per share)