Prepare Cheyenne's journal entry to record the issuance of the preferred stock. (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 O for the amounts.) Account Titles and Explanation Debit Credit Cash Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock 2,590,000 2,060,000 530,000