Exercise 13-9 (Part Level Submission) Tran 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 18,000 shares for cash at $56 per share. July 1 Issued 15,000 shares for cash at $60 per share. Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock n. (b) Your answer is partially correct. Try again. Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Ref. Debit Credit Balance x Feb. 1 900,000 X July 1 Paid-in Capital in Ixcess of Par-Preferred Stock Date Explanation Ref. Credit Debit Balance Feb. 1 108,000 x July 1 150,000 Click if you would like to Show Work for this question: Open Show Work