Question 2 of 7 View Policies Current Attempt in Progress Teal Mountain Inc. issues 8,400 shares of $100 par value preferred stock for cash at $109 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Attempts: 0 of 2 used

Current Attempt in Progress Teal Mountain Inc. issues 8,400 shares of $100 par value preferred stock for cash at $109 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)