Exercise 11-3 Swifty Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 July 1 Issued 66,000 shares for cash at $124 per share Issued 145,800 shares for cash at $92 per share. Journalize the transactions. (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.) Dafe Acceuat Tirles and Explanatiea Debi Cred Post to the stockholders' equity accounts. (Use T-accounts.) (Post entries in the order of journal entries posted in the previous part. Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Click if you would like to Show Work for this questions een Sho Wirts Question Attempts: Unlimited SAVE FOR LATERULY ANSEK