Current Attempt in Progress

Bramble Corporation was organized on June $1,2025.$ It is authorized to issue $100,000$ shares of $5\%,$$$100$ par value preferred stock, and $1,750,000$ shares of no par common stock with a stated value of $$1$ per share. The following stock transactions were completed during the first year:

June $15$ Issued $162,000$ shares of common stock for cash at $$5$ per share.

June $30$ Issued $25,400$ shares of preferred stock for cash at $$102$ per share.

Aug. $15$ Issued $20,500$ shares of common stock for a factory building. The asking price of the factory building was $$153,750$; the appraised value of the factory building was $$143,500.$

Sept. $1$ Issued $199,000$ shares of common stock for cash at $$7$ per share.

Oct. $1$ Issued $5,100$ shares of common stock to attorneys in payment of their bill of $$40,800$ for services rendered in helping the company organize.

Oct. $15$ Issued $25,300$ shares of common stock for cash at $$8\mathrm{.}50$ per share.

Nov. $1$ Issued $6,000$ shares of preferred stock for cash at $$105$ per share.

Prepare the journal entries to record the above transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$