Assignment ORION D BACK NEXT Question 1 Bramble Corp. was organized on January 1, 2019. It is a norted to issue 13,000 shares of 8% $100 per value preferred stock and 526,000 shares of no par comer on stock with a stated value of $3 per share. The following stock transactions were completed during the first year: Jan. 10 Issued 84,300 shares of common stock for cash at $6 per share Mar. 1 1ssued 5,150 shares of preferred stock for cesh at s$105 per share. Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $91,000. The fair value of the land was $80,500 May 1 Issued 83,500 shares of common stock for cash at $4.75 per share. Aug. 1 Issued 11,000 shares of common stock to attorneys in psyment of their bill of $38,500 for services performed in helping the company organize. Sept. 1 Issued 12,000 shares of common stock for cash at $7 per share. Noy. 1 Issued 2,000 shares of preferred stock for cash et si09 per share Sournalize the transections. (Record Journal entries in the order presented In the problem. Credit account tities are automatically Indented when amount is entered. Do not indent manuallyzr no entry is required, Select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Tities and Explanation Debit Credit 07000 Common Stoa 253500 Paid in Capital in Excess of Stated Value-Common Sck 253500