Windsor Inc, issues $500$ shares of $$10$ par value common stock and $100$ shares of $$100$ par value preferred stock for a lump sum of $$108,000.$

a$.$ Prepare the journal entry for the issuance when the market price of the common shares is $$168$ each and market price of the preferred is $$210$ each

b$.$ Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $$186$ per share

$($List all debit entries before credit entries. Do not round intermediate calculations. Round final answers to $0$ decimal places, es$.1,225.$ Credit account titles are outomatically indented when the amount is entered. Do not indent manually if no entry is required, select $"$No Entry" for the account tities and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

a$.[$

Common Stock

Paid$-$in Capital in Exocess of Par $-$ Common Stock

Preferred Stock

Paid$-$in Capital in Excess of Par $-$ Preferred Stock

b$.$ C

Common Stock

Paid$-$in Capital in Excess of Par$-$Common Stock

Preferred Stock

Paid$-$in Capital in Excess of Par $-$ Preferred Stock

Debit

Credit

$111000$

$111000$

$\backslash$table$[[5000],[91000],[10000]]$