Marin Inc. issues $9,900$ shares of $$100$ par value preferred stock for cash at $$110$ per share.

Journalize the issuance of the preferred stock. $($Credit account titles are qutomatically indented when amount is entered. Do manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for

Account Titles and Explanation

Debit

Credit

Preferred Stock.

Paid$-$in Capital in Excess of Par$-$Preferred Stock