Sheffield Corp. began operations on April 1 by issuing 69,100 shares of $5 par value common stock for cash at $15 per share. On April 19, it issued 1,900 shares of common stock to attorneys in settlement of their bill of $27,600 for organization costs. In addition, Sheffield issued 1,200 shares of $1 par value preferred stock for $5 cash per share. Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded. (Record joumal entries in the order presented in the problem. 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 0 for the amounts.)