Sheffield Corporation is authorized to issue common and $3 convertible preferred shares. Each preferred share is convertible into four common shares. On July 2, the company issued 100,000 preferred shares for $ 110 per share. The common shares were trading at $ 24.60 on September 7, $ 27.50 on September 19, and $ 28.60 on September 28. Journalize the conversion of the preferred shares on September 19. (Credit account titles are automatically indented when the 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 Titles and Explanation Debit Credit Sept. 19 (To record the conversion of shares.)