xercise 11-10 (Part Level Submission) Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the frst year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,000 shares for cash at $53 per share. July 1 Issued 12,000 shares for cash at $57 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry" for the account titles and enter o for the amounts) Date Account Titles and Explanation Debit Credit click if you would like to Show Work for this question: Open Show Works