Exercise 11-3 Sheffield Corp. is authorized to issue both preferred and common stock. The par value of the preferred is s50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 104,000 shares for cash at $141 per share July 1 Issued 165,600 shares for cash at $146 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit