Splish Corporation issued $460$ shares of $$10$ par value common stock and $138$ shares of $$52$ par value preferred stock for a lump sum of $$20,700.$ The common stock has a market price of $$20$ per share, and the preferred stock has a market price of $$100$ per share.

Prepare the journal entry to record the issuance. $($List all debit entries before credit entries. 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 $0$ for the amounts. Do not round intermediate calculations. Round final answers to $0$ decimal places, e$.$g$.5,125.)$

Account Titles and Explanation

Debit

Credit