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Wildhorse Co. issues 8,600 shares of 5100 par value preferred stock for cash at $107 per share. Journalize the issuance of the preferred stock (Credit

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Wildhorse Co. issues 8,600 shares of 5100 par value preferred stock for cash at $107 per share. Journalize the issuance of the preferred stock (Credit account titles are automatically Indented when amount is entered. Do not indent manually . If no entiy is required, select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit

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