On June 1. Flounder Inc. issues 2.850 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of the shares assuming the stock has a stated value of $2 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 Current Attempt in Progress Bridgeport Inc issues 5.150 shares of $100 par value preferred stock for cash at $135 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is ent not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts