Kingbird, Inc. issues 8600 shares of $100 par value preferred stock for cash at $112 per share prepare a tabular summary to record the issuance of the preferred stock include margin explanations for the changes in revenue and expenses include margin explanations for the changes in revenues and expenses.

Kingbird, Inc. issues 8,600 shares of $100 par value preferred stock for cash at $112 per share. Prepare a tabular summary to record the issuance of the preferred stock. Include margin explanations for the changes in revenues and expenses. Include margin explanations for the changes in revenues and expenses. (ff a transaction couses a decrease in Assets, Liablitiles or Stockholders' Equity, ploce a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that wos reduced. Kingbird, Inc. issues 8,600 shares of $100 par value preferred stock for cash at $112 per share. Prepare a tabular summary to record the issuance of the preferred stock. Include margin explanations for the changes in revenues an expenses. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)