On January 2, 20x1, Cotton Inc. Issued 22,000 shares of $10 par-value common stock and 3,700 shares of 10 percent, $50 par-value preferred stock for cash at par value. Required: Prepare the journal entry to record the issuance of the stock View transaction list Journal entry worksheet < Record the issuance of common stock at $10 per share and preferred stock at $50 per share. Note: Enter debts before credits Date Jan 02, 20X1 General Journal Debit Credit