3.35/5 Question 3 View Policies Show Attempt History Current Attempt in Progress Bramble Corp. was organized on January 1, 2022. It is authorized to issue 20,000 shares of 5%, $52 par value preferred stock and 452,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 66,000 shares of common stock for cash at $6 per share. Mar. 1 Issued 1,120 shares of preferred stock for cash at $55 per share. May 1 Issued 111,000 shares of common stock for cash at $7 per share. Sept. 1 Issued 4,200 shares of common stock for cash at $7 per share. Nov. 1 Issued 2,200 shares of preferred stock for cash at $57 per share. (a) Your Answer Correct Answer Your answer is correct. for the amounts.) Date Account Titles and Explanation Debit Credit Jan 10 v Cash 396,000 Common Stock 198,000 Paid-in Capital Excess of Stated Value-Common Stock 198,000 Mar. 1 Cash 61,600 Preferred Stock 58,240 Pald-in Capital in Excess of Par Value-Preferred Stock 3,360 May 1 Cash 777,000 Common Stock 333,000 Paid-in Capital in Excess of Stated Value-Common Stock 444,000 Sept. 1 Cash 29,400 Common Stock 12,600 Paid-in Capital in Excess of Stated Value-Common Stock 16,800 Common Stock 333,000 444,000 Paid-in Capital in Excess of Stated Value-Common Stock 29,400 Sept. 1 Cash 12,600 Common Stock 16,800 Paid-in Capital Excess of Stated Value-Common Stock 125,400 Nov. 1 Cash 114,400 Preferred Stock 11,000 Paid-in Capital in Excess of Par Value-Preferred Stock e Textbook and Media Solution List of Accounts Your answer is correct. Post to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock 3/1 58,240 11/1 114,400 12/31 Bal. 172,640 Paid-in Capital in Excess of Par Value-Preferred Stock 3/1 3,360 11/1 11,000 12/31 Bal. 14,360 Common Stock 1/10 198,000 Common Stock 1/10 198,000 5/1 333,000 9/1 12,600 12/31 Bal. 543,600 Paid-in Capital in Excess of Stated Value-Common Stock 1/10 198,000 5/1 444,000 9/1 16,800 12/31 Bal. 658,800 e Textbook and Media List of Accounts BRAMBLE CORP Partial Balance Sheet $ $ $