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Swifty Company had the following transactions. 1. Issued 5,600 shares of common stock with a stated value of $10 for $139,000. Issued 2,500 shares of

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Swifty Company had the following transactions. 1. Issued 5,600 shares of common stock with a stated value of $10 for $139,000. Issued 2,500 shares of $100 par preferred stock at $109 for cash. 2. Prepare the journal entries to record the above stock transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2

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