Question 5 of 25 0.37 / 1 View Policies Show Attempt History Current Attempt in Progress Garrison Keillor Corp. issues 700 2 par value ordinary shares and 300 100 par value preference shares for a lump sum of 128.000. (a) Your answer is partially correct. Prepare the journal entry for the issuance when the market price of the ordinary shares is 130 each and market price of the preference shares is 150 each. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Cash 128000 Common Stock 1400 Paid-in Capital in Excess of Par - Common Stock 84247 Preferred Stock 30000 Paid-in Capital in Excess of Par - Preferred Stock 12353 e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit