Tropical Rainwear issues 1,000 shares of its $19 par value preferred stock for cash at $ 21 per share. Record the issuance of the preferred shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of the preferred shares. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal