Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $31 per share. Record the issuance of the preferred shares. (If no entry is required for a particular 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