Pharoah Company began operations on April 1 by issuing 58,500 shares of $5 par value common stock for cash at $18 per share. On April 19, it issued 1,900 shares of common stock to attorneys in settlement of their bill of $25,000 for organization costs. In addition, Pharoah issued 900 shares of $2 par value preferred stock for $5 cash per share. Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded. (Record journal entries in the order presented in the problem. Credit account titles 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.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Apr. 1Apr. 19	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Apr. 1Apr. 19	enter an account title to record issuance of common stock for attorneys fees	enter a debit amount	enter a credit amount
	enter an account title to record issuance of common stock for attorneys fees	enter a debit amount	enter a credit amount
	enter an account title to record issuance of common stock for attorneys fees	enter a debit amount	enter a credit amount
	(To record issuance of common stock for attorneys fees)
choose a transaction date Apr. 1Apr. 19	enter an account title to record issuance of Preferred stock for cash	enter a debit amount	enter a credit amount
	enter an account title to record issuance of Preferred stock for cash	enter a debit amount	enter a credit amount
	enter an account title to record issuance of Preferred stock for cash	enter a debit amount	enter a credit amount
	(To record issuance of Preferred stock for cash)