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Bramble Corp. was organized on January 1, 2025. It is authorized to issue 20,000 shares of 5%, $50 par value preferred stock and 452,000 shares
Bramble Corp. was organized on January 1, 2025. It is authorized to issue 20,000 shares of 5%, $50 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 Mar. 1 May Sept. 1 Nov. Issued 66,000 shares of common stock for cash at $7 per share. Issued 13,000 shares of preferred stock for cash at $53 per share. Issued 111,000 shares of common stock for cash at $9 per share. Issued 4,200 shares of common stock for cash at $8 per share. 1 Issued 2,200 shares of preferred stock for cash at $56 per share. (a) O 1 Your answer is partially correct. 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. List all debit entries before credit entries.)
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