CP13-47 Continuing Problem (book/static) Question Help * Assume that Daniels Consulting has previously incorporated by issuing 200 shares of $2 par value common shares to Daniels in exchange for the balance in Daniels, capital as follows: EEE (Click the icon to view the journal entry.) Daniels decides to raise additional capital for a planned business expansion by issuing 8,000 additional S2 par value common shares for $24,000 and by issuing 2,500, 4%, $50 par preferred shares at $55 per share. Assuming total stockholders' equity is $25422 and includes 200 shares of common stock and 0 shares of preferred stock issued and outstanding immediately before the previously described transactions, joumalize the entry related to the issuarnces of bolh cormmon and preferred shares. Record debils first, then credits. Selec the explanalion on the last line of the joumal entry table.) Journalize the entry related to the issuanoe of common shares. Date Accounts and Explanation Debit Credit