On January $5,2025,$Sheffield Corporation received a charter granting the right to isssue $4,600$ of $$100$ par value, $8\%$ cumulative and nonparticipating preferred stock, and $49,800$ shares of $$10$ par value common stock. It then completed these transactions. $($a$)$

Record the journal entries for the transactions listed above. $($List all debit entries before credit entries. Credit account titles are automatically indented when the 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. Record entries in the order displayed in the problem statement.$)$