help with part (b)

Series Blue Spruce Corp. 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 hold the following events and transactions pertaining to its preferred stock Issued 42,000 shares for cash at $52 per share. July 1 Issued 61.000 shares for cash at $55 per share. Feb. 1 (a) Your answer is correct. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the dmounts) Account Titles and Explanation Debit Credit Date 2184000 Feb. 1 Cash 2100000 Preferred Stock 84000 Pald-in Capital in Excess of Par Value-Preferred Stock 3355000 July 1 Cash 3050000 Preferred Stock 305000 Paid-In Capital in Excess of Par Value-Preferred Stock e Textbook and Media Question 2 of 2