Question 3 Cheyenne Corp. began operations on April 1 by Issuing 51,400 shares of $5 par value common stock for cash at $15 per share. In addition, Cheyenne issued 1,500 shares of $1 par value preferred stock for $4 per share. Journalize the issuance of the common and preferred shares. (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.) Date Account Tities and Explanation Debit Credit April 1 (To record issuance of common shares) April 1 (To record issuance of preferred shares) Click if you would like to Show Work for this question: Open Show Work