Exercise 13-9 (Part Level Submission) Tran Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $48. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 19,500 shares for cash at $58 per share. July 1 Issued 11,500 shares for cash at $62 per share. (a) | Your answer is partially correct. Try again. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatica indented when amount is entered. Do not indent manually.) Debit Date Credit Account Titles and Explanation Feb. 1 Cash 1,131,000 936,000 Preferred Stock 195,00 Pald-in Capital in Excess of Par-Preferred Stock Cash 713,000 July 1 552,000 Preferred Stock Paid in Capital from Treasury Stock 161.000 in ihn Wiley & Sons, Inc. Versic Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Rer. Debit Credit Balance Feb. 1 936,000 936,000 July 1 720,000 1,656,000 Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ret. Debit Credit Balance Feb.! 195,000 195,000 210,000 405,000 July ! ---- bir Allestinn: Open Show Work