HAON Exercise 11-3 (Part Level Submission) Pina Colada Corp. 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 Issued 65,400 shares for cash at $75 per share. July 1 Issued 89,100 shares for cash at $92 per share Soumalize 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 for the amounts.) Date Account Titles and Explanation Debit Credit By