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StarLight Ltd. is authorized to issue 10,000,$4 noncumulative preferred shares. On January 13 , it issued 3,000 $90 cash per share. (a) Prepare the journal

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StarLight Ltd. is authorized to issue 10,000,$4 noncumulative preferred shares. On January 13 , it issued 3,000 $90 cash per share. (a) Prepare the journal entry to record the transaction. (Credit account titles are automatically indented when the ar not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List d credit entry.)

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