View Policies Current Attempt in Progress Jennifer Cook Corporation issued 220,000 shares of $20 par value, 7% preferred stock on January 1, 2018, for $4,950,000. In December 2020, Jennifer Cook declared its first dividend of $800,000. (a) Prepare Jennifer Cook's journal entry to record the issuance of the preferred stock. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts