Sheridan Company began operations on April 1 by issuing51,700shares of $6par value common stock for cash at $14per share. On April 19, it issued1,600shares of common stock to attorneys in settlement of their bill of $29,000for organization costs. In addition, Sheridan issued 1,300 shares of $2 par value preferred stock for $8 cash per share.

Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded. (Record journal 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.)