Kingbird Corporation issued 430 shares of $10 par value common stock and 129 shares of $50 par value preferred stock for a lump sum of $19,350. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance. (List all debit entries before credit entries. 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 O for the amounts. Do not round intermediate calculations. Round final answers to O decimal places, e.g. 5,125.)

Kingbird Corporation issued 430 shares of $10 par value common stock and 129 shares of $50 par value preferred stock for a lump sum of $19,350. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manuaily. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts: Do not round intermediate calculations. Round final answers to 0 decimal places, es. 5,125.)