Brief Exercise 11-4 Your answer is partially correct. Try again. Teal Mountain Inc. issues 8,400 shares of $109 par value preferred stock for cash at $117 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 entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Cash Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock