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Do It! Review 8-3a Bramble Corp, began operations on April 1 by issuing 51,200 shares of $5 par value common stock for cash at $17
Do It! Review 8-3a Bramble Corp, began operations on April 1 by issuing 51,200 shares of $5 par value common stock for cash at $17 per share. In addition, Bramble issued 1,300 shares of $1 par value preferred stock for $4 per share. Prepare a tabular summary to record the issuance o the common and preferred shares fa transaction causes a decrease in Assets, Liabilities oStockholders' Equi . Placea negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities Stockholders' Equity Paid-in-Capital Retained Earnings Common PIC in Excess of Par Pref. Stock+ Pref. Cash + Revenue ExpenseDividend Stock + Com. Apr. 1 Apr. 1 Click if you would like to Show Work for this question: Open Show Work
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