Tropical Rainwear issues $2,000$ shares of its $$16$ par value preferred stock for cash at $$18$ 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.$)$

Journal entry worksheet

$1$

Record the issuance of the preferred shares.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,2,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$