Monty Corp. is authorized to issue both preferred and common stock. The par value of the preferred is 550 . During the first year of operations, the company had the following events and transactions pertaining to its pref ad stock. Feb. 1 Issued 45,500 shares for cash at $55 per share. July 1 Issued 63,500 shares for cash at $58 per share. (a) Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account tities are outomatically indented when 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.) Journalize the transactions. (Record journal enlries in the order presented in the problem. Credit account fittes 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 0 for the amounts.)