Question 5 of 16 -13 View Policies Current Attempt in Progress Monty Corp. issues 8,000 shares of $100 par value preferred stock for cash at $107 per share. Journalize 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 for the amounts.) Account Titles and Explanation Debit Credit