Swifty Corporation began operations on April by issuing 53,100 shares of $5 par value common stock for cash at $11 per share. In addition, Swity issued 3.200 shares of S1 par value preferred stock for $5 per share Joumalize the issuance of the common and preferred shares. (Credit occount titles are automatically Indented whers amount is entered. Do not indent manually If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation April 1 (To record issuance of common shares) April 1 | (To record issuance of preferred shares)