Bridgeport Corporation 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. $1$ Issued $22,500$ shares for cash at $$56$ per share.

July $1$ Issued $14,000$ shares for cash at $$60$ per share.

Journalize the transactions. $($List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit. account titles are automatically indented when amount is entered. Do not indent manually.$)$

$\backslash$table$[[$Date Account Titles and Explanation$],[$Cash$],[$Preferred Stock$],[$Paid$-$in Capital in Excess of Par$-$Preferred Stock$],[$Cash$],[$Preferred Stock$],[$Paid$-$in Capital in Excess of Par$-$Preferred Stock$]]$

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Assistance Used

List of Accounts

Assistance Used

Post to the stockholders' equity accounts. $($Post entries in the order of joumal entries presented in the previous part$)$