Current Attempt in Progress Sheridan Company issues 7.500 shares of $100 par value preferred stock for cash at $108 per share Journalize the issuance of the preferred stock. (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.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts unlimited Submit