Question: Exercise 11-3 Pronghorn Corp is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year

Exercise 11-3 Pronghorn Corp is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 July I Issued 99,800 shares for cash at $88 per share. Issued 104,100 shares for cash at $140 per share. 3ournalize the transactions. (Record ournal entries in the order pr ented in the problem. Credit account titres are a to naticany ndented when amont is entered. Do not i manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. ) Account Titles and Explanation Date Debit Credit LINK TO TEXT INK TO TEXT

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