Monty Corp is authorited to issue boyh preferred ard comitson stock. The par value of the preferred is $50. During the first year of operatianc, the compury had the following events ard tranuctions pertaining to its preferred stock. Feh 1 Issued 45,500 shares for cash at 555 per share July 1 Issued 63500 shares for cashat 354 per share: Journalize the transactions. (Record fournd entries is the onder presented in the proliems Cradt occount ticles sre autamatically the omounte. etestasok and Medla List of Acrount4 Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock